what counts as part of 200 & 20k threshold?

nixe118
New Community Member

Does money I obtain from others lable as "money recceive" count as gift? Will they record it as threshold towards the 200 payment transaction?

 

Do reward gift services like apptrailers where they send paypal as "payment received" count towards the 200 transaction limit? 

Are the 200 payment per year only towards selling goods and services like ebay sellers or are rewards gift the same in this case?

 

I thought users have to exceed botht 200 payment AND 20k per year in order for paypal to ask for tax id or ssn. Or does paypal chose to ask whenever they just "feel" liike it?

 

 

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1 REPLY 1

Whac-A-Mole
Frequent Advisor
Frequent Advisor

SS or tax Id is needed to open and keep the Paypal account.

if you received 200 transactions and $20k in a year under goods and services,you will get a 1099 from Paypal

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