Setting up business account - does it require an individual social security number

je922
New Community Member

I'm looking to set up an account to accept payments for business meetings. However this money would not go to me personally but to the entity I am part of. When I set up the account will I have to give my Social Security number?

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PayPal_JonK
Moderator
Moderator

Hello @je922

 

Welcome to the PayPal Community, this is a great question! You may be asked to add a SSN, EIN, or iTIN when setting up a PayPal account to report gross payments for goods and services to the IRS. You can read more about that process here: How will PayPal use my TIN?
 

In your case, you would need to start setting up the account with your first and last name, but then you should be presented with the option to add the Business' Name and Tax ID. 

 

I hope that helps!

 

 - Jon K


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