Five years ago, I set up a Business Paypal account for a non-profit organization. At the time, I was a board member, so I used my name and SS# to set it up. I am no longer on the board and not the owner of the paypal account. I never was the owner of the paypal account. It was set up with the intention that the organization owned the account. Since I am no longer on the board and do not have signing privileges for the organization's linked checking account, it is a security risk for the organization that my name and social security number associated with the account. This organization changes boards every year, so there is no one who is a permanent person. I do not want the liability of having access to their bank accounts, but because Paypal is not allowing me to change the contact name on the account, I am put in a liability situation that could have legal ramifications.
There needs to be a way for businesses to remove people from their business paypal account. It's a fact that employees leave, board members change, and not giving businesses an easy way to remove people's names and social security numbers from business accounts is creating a liability for businesses. Imagine if a disgruntled employee had set up the account, and cleaned out a business's linked bank accounts because they had access through paypal. According to Paypal, they're allowed to do so, because the employee owns the account rather than the business.
All the options I find allow me to change my name if it has legally changed, but there does not seem to be a way to disassociate myself from a business when I set up the business account for the business. As I said, the organization owns the account, not me, so how do I remove my name and put in the current treasurer's name instead?
