Is there a way to avoid entering SSN during paypal business account sign up?

elocin

Regular Member

Oct 26, 2010

451

183

• Apr 27, 2014

• #1

Is there a way to avoid entering SSN during paypal business account sign up?

Even though PP ask for business tax id/fein# etc.... They still require a persons name and SSN number. In the states a persons assets are suppose to be protected from business liabilities etc.

Anyway around having to enter a SSN during the sign up of a business account?

 

jayjaymoney

Junior Member

Jan 6, 2012

169

78

• Apr 27, 2014

• #2

I'm not sure if I was asked for my SSN when I first signed up for a business account more than a year ago, but they did ask for it (and proof of my business) when I started getting 5k worth of transactions.

I think if you're signing up as Sole Proprietor or Single-Member LLC, they'll need your SSN. Otherwise FEIN should suffice.

 

H

handsomej

Newbie

Apr 10, 2012

4

1

• Apr 27, 2014

• #3

I signed up for a business account and i didn't have to put in my ssn even though they ask you for it.

 

elocin

Regular Member

Oct 26, 2010

451

183

• Apr 29, 2014

• #4

handsomej said:

I signed up for a business account and i didn't have to put in my ssn even though they ask you for it.

Click to expand...

So you ignored that question and your account was still verified?

 

S

Silas Hart

Newbie

Nov 30, 2013

11

12

• Apr 29, 2014

• #5

Nope, you need a SSN now. A EIN used to work just fine, but not anymore. Even for my LLC, I had to provide a SSN. PayPal wants to know who to come after when the account become negative.

 

D4RK KNIGHT

Regular Member

May 18, 2012

419

183

• May 30, 2014

• #6

You need to go with a Paypal personal account or premier account first then switch it to a business account.

 

M

markmp3z

Registered Member

Nov 5, 2011

66

25

• May 30, 2014

• #7

D4RK KNIGHT said:

You need to go with a Paypal personal account or premier account first then switch it to a business account.

Click to expand...

This is what I have done and I have skipped the SSN process.

 

Infestor03

Regular Member

Mar 25, 2014

223

79

• May 30, 2014

• #8

D4RK KNIGHT said:

You need to go with a Paypal personal account or premier account first then switch it to a business account.

Click to expand...

You're right. Just sign up for personal account first.. then next day or few days click upgrade account.. then upgrade to business. Though you will also be needing ssn if you plan on withdrawing your funds to your bank, cause the initial limit is 500 / month.

 

P

pcp123

Newbie

May 30, 2014

17

0

• May 30, 2014

• #9

I have had a number of paypal accounts in the past 10 years and eventually depending on how much you withdraw the SSN is inevitable, although if you wish to never give it out you can always create new paypal accounts and never pass the threshold.