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Managed Payments, EIN, LLC
I started selling stuff around the house on Ebay in 2020. I just received an email telling me that I am now in managed payments and need to update my details. I have an EIN I obtained in my name a few years ago. I would rather provide this than my SSN. With regard to a checking account, to open one with my EIN my bank told me I would have to open a business account which means forming an LLC. If I opened the bank account with my SSN, provided Ebay with my EIN, provided Ebay with the required account number and routing number, would that pass muster ? Legal name would match the bank account and the EIN of course. For the amount I sell on the platform it really is not worth it to me to spend the money necessary to apply for a LLC. Thanks !
kh-vince
·3 years agoHi everyone,
Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.
Thank you for understanding.
wrong66
·5 years agoOr just give them your SS#. You gave it to PayPal.
electronics510
·5 years agoYou gave it to PayPal, therefore it's ok to give it to _whoever_
People have genuine concerns about ebay.
masham-69
·3 years agoPAYPAL AND EBAY ARE 1 IN THE SAME