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Community Member
Posts: 1
Registered: ‎12-15-2009
Why is my social security number now required to add funds to my account?

Why is my social security number now required to add funds to my account?  This is a number I supply to no one.

Other Answers: 3
rockydaytona
Community Member
Posts: 5,141
Registered: ‎05-06-2004
Answered
in reply to nj2972344

Paypal now asks for a SSN or tax ID number.

This is for the 1099 info that will be provided to IRS should you use Paypal service for more than 200 AND $20,000 in transactions.

 

you can read up on the requirement in Paypal.

If you don't have a business tax ID # then you would use the SSN.

cute.shoes
Community Member
Posts: 10,084
Registered: ‎02-13-2006
Answered
in reply to nj2972344

Go read the requirements at PayPal's website.

 

If you won't do that - you stop using PayPal.

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See my "me" page to learn what smart sellers do.
buyorsell888
Community Member
Posts: 7,279
Registered: ‎02-18-2005
Answered
in reply to nj2972344

You can get an Employee Identification Number (EIN) from the Internal Revenue Service for free and use that instead of your SS#.

 

Single proprietors with no employees don't need an EIN but you can get one.

 

I have one because I don't wish to use my SS for wholesale buying purposes, the EIN proves I'm a business. My state has no sales tax so no state resale tax id.

 

What you can't do is get around PayPal's requirement to further prove your identity and also to verify whether or not you are running a business.

Never rely on eBay nor emails for accurate payment information.

Login to PayPal!