transitionning to non-profit account...

ParentConnect
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We have a PayPal account, we became non-profit.

Do we update our account to non-profit or open a new one, please?

Thank you! ;-)))

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1 REPLY 1

ParentConnect
Contributor
Contributor

 

Just talked to PayPal... They have only 2 types of accounts: personal and business, business being for profit or non-profit. Personal accounts are based on SSN while business accounts are based on SSN and tax ID.

 

When you go from business for profit to business non-profit, your tax ID changes meaning... you can't update your PayPal account to non-profit but need to create a new, non-profit one.

 

Good to know, blessed day! ;-)))

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