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EIN and personal bank for MP
 

Received the MP action request this morning - same as most of us here.

Can we just use our personal real name in the "business name", then add the real business EIN, then add the personal real bank name?

So the bank name would be matching, and EIN number would be matching with the business real owner, without submit our real SSN.

Re: EIN and personal bank for MP
 

I'm looking for info on this as well. I have a bak account and ebay account both in a business name both setup with EIN.. Will eBay ask for a ssn even though the eBay acc and ban acc are both setup with the same business llc?

Re: EIN and personal bank for MP
 

When do we have to do this by. Also can you send a screenshot of the ebay message
More then likely I might have to get off of ebay . Any info will help thanks.

Re: EIN and personal bank for MP
 

I have no business names I'm useing friends ssn but ebay and paypal are in 2 different names .

Re: EIN and personal bank for MP
 

I have a real company, real EIN, stealth ebay, stealth PayPal with my real EIN . I always use my stealth PayPal to send money to my personal bank account (because they accept mismatch name). I reported tax from my personal bank income which is legal and fair as well because I haven't open any business bank account yet.

Now I can see most of us here are celebrating leaving PayPal and saying how smooth and good Adyen is - with their real personal info instead of stealth.

In my opinion this is totally out of the discussion as what we are discussing on this forum: the most important thing is to be stealth and have multiple accounts in a fairly easy way.

If you use your real info to set up MP, what's the difference than the original PayPal? It was also smooth like a silk to me when there's nothing wrong happened with it.

I really don't see any way around this.

Re: EIN and personal bank for MP
 

Okay so basically we are all ****ed .... I can’t believe this is the end of stealth but worst of all I will be losing dozens of accounts.

Re: EIN and personal bank for MP
 

Lol you're going to have to get past that, man. You're creating tax liabilities for your friends and your "borrowed identity" scheme won't work in MP unless your friends are willing to open bank accounts for you to add.

That's bad.. really bad.

:help:

Re: EIN and personal bank for MP
 

I think it depends on the entity type you're using. Logic says that if you're using something like a multi-member LLC or a corp/s-corp, they won't require a SSN because there are multiple members and multi-member entities file their own tax returns anyway.

I can say for a fact that if you're using a single-member LLC they do ask for your SSN/personal name along with your EIN/business name. Single member LLC's are pass-through entities (meaning they don't file their own tax returns and the profits/losses are instead reported on the owner's personal tax return through a schedule C form) so eBay is probably being required to collect SSN's for them, so they can know who is responsible for paying the income tax debt that may arise in the account's lifetime.

Re: EIN and personal bank for MP
 

More EIN's and LLC's, most likely.

You should really go ahead and open a business bank account for the EIN/LLC you already have. eBay isn't going to allow you to link a personal bank account once you upgrade your account to MP, so you're going to need a business bank account in the name of your business.

When you go to open one, the only things you need to take to the bank aside from the standard two forms of ID are your articles of incorporation/organization, and your paper from the IRS with your EIN on it.

Re: EIN and personal bank for MP
 

It's not the problem to open a bank account with my LLC, the problem is, Paypal don't check if the stealth named person (and stealth address) really owns this LLC or not, they don't even check if the the bank account you add to your stealth PayPal account should be a private one or business one.

But MP? Will they check online if the owner of this registered LLC is this stealth name (stealth ebay info)?

If we only discuss about how good it is a real account would be - then it should be discussed in some other forum. The reason why we are here is for stealth and how we can manage the stealth as the stealth should be instead of adding your real private info.

Re: EIN and personal bank for MP
 

I don't know if they're going onto state websites and verifying the owners of companies.

When I upgraded the one account I have in MP, this is how it went:
(this account was purchased as a stealth account here years ago and still had a 'stealth name' on file)
During the application they asked for my EIN, business name, SSN, and personal name. My LLCs are all single member so that is probably why they insisted on getting my SSN (see post #9). They accepted all the info I provided and my account details were automatically changed to reflect the real personal info I gave them. Then I gave them my LLC bank account and it's been smooth sailing since. I effectively changed my stealth account into a non-stealth account that has both my business and personal info on file.

If you want to talk about it somewhere else, I don't know what to tell you. I'm sure there are other forums but this is the best place to discuss it.

It remains to be seen what will happen when I'm forced to upgrade my other 2 US business accounts to MP. Hopefully since they each have their own EIN/business name, eBay won't be put-off by the fact I'm submitting the same personal information again. On my Canadian accounts I'm probably just screwed and will have to stop selling on them. I really don't know. This is just as much a threat to me as it is for everyone else.

Re: EIN and personal bank for MP
 

Couldn't you get around that by using a registered agent service so your name doesn't appear online?

Re: EIN and personal bank for MP
 

The point is not my real name, the point is the stealth account name is not online with this EIN as the company was registered by me not by the stealth name, stealth name is not existing in reality - and that's what I am worried, MP would ask, why your name is not online together with this EIN?

Re: EIN and personal bank for MP
 

What’s the difference between switching to Canadian managed payments and US? Why would it be impossible to use Canadian eBay accounts anymore?

Re: EIN and personal bank for MP
 

I looked at the checklist and for LLCs with multi members they require ID for a member with at least 25% ownership. Not sure how to get around the ID issue

Re: EIN and personal bank for MP
 

Does that mean if I register a company with my family member and say he/she holds 1% ownership, then no need to provide the SSN?

Re: EIN and personal bank for MP
 

The check list didn't specify that detail but it did say ID needed for verification. Over the next couple of months we should know more.

Re: EIN and personal bank for MP
 

Sorry if this isnt the right thread but everyone is talking about business ebay accounts. I have only had Personal ebay stealth and two of my good accounts got that email to upgrade to MP. What to do now? The paypals had a bank and I would withdraw to mismatched names....

Re: EIN and personal bank for MP
 

@camaross - bank accounts are currently the hold up for me.

Re: EIN and personal bank for MP
 

A SSN is required for single member LLCs or a multi member LLCs during the MP sign up process. Add a person to your LLC give them a small share, use their SSN for the sign up process. When and if they ask for ID later on use the identity of added member to by pass check. An ID is not required to be uploaded during the sign up process.

Re: EIN and personal bank for MP
 

If you're going to try to multi member route, just please be aware of the differences in tax requirements.

TBH I've screwed people up on here in the past by recommending multi member LLC's because they took my advice then had a really hard time at tax time. :nono:

Re: EIN and personal bank for MP
 

I mean I honestly think this is the only way to go for myself since all my businesses were single members LLCs when I set up my stealth accounts. So my thought, is to just add another member to the LLC and bypass the ID check. I hear a user by the name of Yankee has done S-corp for all his MP accounts but I have no knowledge on the subject. I wish there was more discussion on that topic.

Re: EIN and personal bank for MP
 

I would love it if yankee would shed some light on it lol

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I've went through all his posts to try to find any information and there wasn't really anything stated. Just others saying that he has done it successfully.

Re: EIN and personal bank for MP
 

I tried PMing yankee but he does not reply.

Re: EIN and personal bank for MP
 

Hello guys,

New around here, for the most I've been reading very interesting discussions around here but never actually interacted myself in them.

I bet many people struggle with the same question. Does anybody know any way of opening an business bank account(LLC) from abroad without visiting US in person.

Cheers

Re: EIN and personal bank for MP
 

There is a solution, deep down grey hat/black users know the solution. Instead of chatting ****e! Get on with what you know will work!

Re: EIN and personal bank for MP
 

USA market is a lot more stealth friendly for the new MP system.

Re: EIN and personal bank for MP
 

So, do you think creating a single member LLC is a bad move and I should convert it to a multi-member LLC? I just opened my bank account today. I don’t want PP or eBay to link me back to my old account through my SSN when paying taxes.

Re: EIN and personal bank for MP
 

any recommendations for stealth accounts will mismatch info going to work?

Re: EIN and personal bank for MP
 

Single LLC should be good enough, I also suggest consulting with your tax guy to be sure

Re: EIN and personal bank for MP
 

WOuld you know if there is any way to pay taxes in MP if the 1099 is being sent to a stealth name?



I was also wondering if I used the same EIN across 4 stealths but used friend's/Family's SSN in the verification part is a possibility.

but I am scared that i will be linked later on via eBay.

Re: EIN and personal bank for MP
 

Does each LLC and bank need a different address on it? Or can it use the same physical address on each one?

Re: EIN and personal bank for MP
 

You can have the same address but each EIN should have a different bank account.