Tax ID number in Paypal setting?

[ndkhoa5]

Hi there, as a new Paypal user, I have some questions, hope everyone will help me, I'll appreciate that. 🙂

Today I went to Paypal setting, and saw the tab Tax ID Number which was displayed on red, so I tried entering my SSN, but didn't bother the Tax ID thing 'cause I had no idea about it. After that, Paypal said they would review my SSN in 3 business days....

So is there any problem if I don't provide them the ID tax number? I currently have $90 and my account is unverified.

Thank you! 🙂

[DPCreations]

@asoadya

Even with a SSN added PayPal doesn't withhold any taxes; it only reports your gross receipts when required to do so according to IRS regulatations.

[asoadya]

i dont pay taxes yet   what should i do    can i add a bank account    this is really agravating

[sharpiemarker]

The more info you provide to verify your identity/account, you can gain full use of your PayPal account.  To lift amount limits and be able to send/receive money, just add bank, card, and/or SSN.  But, PayPal will eventually ask you to enter a SSN and may limit your account if you don't.  Might as well add it all now.

[asoadya]

please message me twice when you respond so it sends it to me via email   thank you

[1loveken]

I received an email saying thank you for adding your new tax id number from pay pal. I did not add a tax id number i do not have a tax id number. I do not own a business i have just sold a few items on ebay. What do i need to do or who do i talk to about this?

[Xb4696]

I got something like this today too. What did you end up doing? I don't own a business at all, I'm just selling off my collection.

[Lissa_Lu]

I'm on the same boat. I'm only selling off my collection on ebay and random stuff around the house, I don't have a business. So I am pretty nervous about this. :s

[AudioShop]

Our accountant is advising us to enter in our Tax ID number into Paypal.

When logging into Paypal however , there is no way to enter this information.

[Braskute]

Well... Today I logged in into my PayPal account and they are asking me to provide the US Tax number...

I don't know why though, I don't even live in the United States, or I don't even own a business... I don't even work so why PayPal need this information and how the **bleep** I'll get that US Tax number when Im not an american citizen? Please explain this to me...

[sharpiemarker]

PayPal is country specific.  if you are not US citizen or foreign but permanent resident with SSN or ITIN, you should open a PayPal account in your country and close US account.