Paypal limit question!

[samansharif]

So I have a ebay+paypal stealth account that I made a month ago and its in good state! well I recently heard about reaching 200 items/20k limit will then make me either get a EIN or provide SSN to paypal!

I am all in favor for paying taxes and everything, as I've seen people run from taxes and its scary! anyways, I want to do the EIN method but I am 17 years old and not 18 yet so I dont know if that could work for me.

I've read online that just making a new paypal and linking to ebay would be ok, but I dont think that would last long and would be a huge headache.

to sum it up, could I bypass the 200 sales limit/20k limit without having to make a new stealth ebay or stealth paypal? also, since its every calender year, is it possible to just wait till the next calender year and start selling again?

 

[blt938]

The answer to your last question is yes. Once you hit that limit (or get close - Paypal can also ask for EIN/SSN if they think you'll pass that amount), you will be asked to provide one of the two. If you don't, the account will become limited but you'll be able to use the account again next year. It's best to have multiple stealth accounts for this reason. You'll be able to spread out sales among those accounts and will rarely run into this issue.

 

[samansharif]

okay sounds like I should get a couple of more stealth accounts. Problem with that is, I need more bank accounts and more vcc's. right now I use greendot for my bank account on my stealth because I am not 18 yet and cant go open up another bank account.

my first stealth took a while to make, all I did was use completely different info (name,address,etc) and log in using a VPS. should I just buy new VPS ip's for every stealth?

 

[STAUNCH]

It's better to have an European PP acc or some other country because there're no such sh!tz like those (200 items/$20k sales). Yeah, only a base verification on €2,5k (ID + PoA), but not providing SSN, no such things.

Just a backup variant. If you sick of the variant to have many US/CA accs that will hit those limits requiring SSN. Also PP limit and ask for SSN on predicted sales as well. So for example you're on 120 items/$15k - there're few months left, which means that definitely you'll hit those 200 or $20k by the end of the year, so they'll ask for SSN now, these days/weeks, not when you hit 200/$20k . That's PP's Special Ultimate talent.

Yes, for every stealth acc = a new VPS, completely diff. details, etc. all. You know that.

 

[samansharif]

I really dont want to recieve this EIN/SSN thing as I am not 18 so I cannot even get a EIN yet. I really would love to just keep one stealth account since so far I'm at 100% feedback and am in good state. I dont mind making another pp, but it would be great if I could keep the same ebay acc.

 

[blt938]

If you really want more bank accounts, all of the major banks offer student accounts and I don't think you have to be 18 to open them. You can usually open a checking and savings account at the same time so there you'll have 2 new accounts at once. Plus student accounts usually don't have monthly fees either.

 

[okf2013]

The answer to your last question is yes. Once you hit that limit (or get close - Paypal can also ask for EIN/SSN if they think you'll pass that amount), you will be asked to provide one of the two. If you don't, the account will become limited but you'll be able to use the account again next year. It's best to have multiple stealth accounts for this reason. You'll be able to spread out sales among those accounts and will rarely run into this issue.

Any proof on this " If you don't, the account will become limited but you'll be able to use the account again next year." Its about 2015, and my account has more than 200 sold/about $17000 earn. they keep asking tax info, but my account still can use for now. so next year will be reset everything? ill be have other account in oversea soon where dont require ssn.

 

[gu3sswh0]

You're too young to sell on ebay. So use a stealth account and forget about taxes since you're a minor.

 

[LastBlow]

You're too young to sell on ebay. So use a stealth account and forget about taxes since you're a minor.

Not true, anyone that earns over $500 in income has to pay taxes