Quick Answer: What Happens If I Don’T Give PayPal My SSN?

Does PayPal report to IRS?

Under the IRC Section 6050W, PayPal is required to report to the IRS the total payment volume received by US account holders whose payments exceed both of these levels in a calendar year: US$20,000 in gross payment volume from sales of goods or services in a single year..

Can someone not have a Social Security number?

Generally, only noncitizens authorized to work in the United States by the Department of Homeland Security (DHS) can get a Social Security number. … Although many companies, such as banks and credit companies, may ask for your Social Security number, you generally aren’t required to provide one if you don’t have one.

How do I find my SSN on PayPal?

How to Verify Your SSN on PayPalScan your Social Security card. … Rotate the image of the Social Security Card if it is not horizontal or if reads backward. … Visit PayPal.com and sign into your PayPal account. … Scroll down until you see “Step 3: Confirm your Social Security Card.” Click “Continue.” A new page will open.More items…

Can I trust PayPal with my SSN?

Your SSN should be protected at all costs. … However, if you are using PayPal to collect payments, invoice customers, or process transactions in any way, then PayPal will require a Tax ID number (SSN or EIN) on the account for tax reporting purposes. Hope that helps!

Why does PayPal want my passport?

PayPal is trying to verify your identity. A passport and its details are allowed to be used to verify it. There are many people including myself who used their passport to do this — without ill effect. You could use other identification or you could use none and not be able to access your money.

Who can legally ask for social security number?

You do need to give your Social Security number (SSN) to: Companies from which you are applying for credit: credit cards, loans of any type, cell phone service. Your department of motor vehicles. Employers. The three main credit reporting agencies: Equifax, Experian, and TransUnion.

Can I work without a SSN?

In general, only noncitizens authorized by the Department of Homeland Security (DHS) to work in the United States can get a Social Security number. … You can get many services without a Social Security number, including a driver’s license.

Does PayPal request last 4 digits of SSN?

We asked PayPal’s spokesperson what must be “verified” and why. She replied, “We will ask users for first name, last name, DOB (date of birth), physical address, and last four of SSN (or tax ID for businesses). We are collecting this information as part of our regulatory obligations.”

Do I have to confirm my identity on PayPal?

We noticed you tried to add money to your account. When you add money for the first time, we’re required to verify your identity through PayPal’s Customer Identification Program. Verifying your identity builds stronger security for everyone in the PayPal network.

Can I use PayPal without Social Security number?

Re: Accepting money without ssn Yes.

Is it normal for PayPal to ask for social security number?

The PayPal User agreement says that they have to report to the IRS, so they need your Social Security Number IF you earn $20,000 a year through them or make 200 sales per year.

What happens if you don’t have a SSN?

Federal law requires you to provide a Social Security number if you have one when you apply for a U.S. passport. If you don’t have an SSN, expect delays in processing your application. If you have been issued one but don’t provide it, you could be fined $500.

Can I remove my SSN from PayPal?

Your SSN is for identification and more, so if you remove yoru SSN you could no longer maintain PayPal identification, so you would need to close your account. Close your account like PayPal indiciates if you want to remove your SSN from the site.

Can I have 2 PayPal accounts?

You can have one Personal account and one Business account. … You can add more email addresses, debit or credit cards, and bank accounts to your account, but each account must have its own email address and financial information.

Who owns PayPal now?

eBay2002–2015PayPal/Parent organizations