PayPal requests your SSN because it needs it for sales or credit purposes. For purchasing transactions, you do not need to disclose your social security number. As a buyer, you are not legally compelled to provide the number either.
FAQs
PayPal requests your SSN because it needs it for sales or credit purposes. Buyers are not required to disclose their Social Security numbers, which is why PayPal checks their identities.
PayPal requires a Social Security Number (SSN) for sales or credit information since it is essential for its operations. Sellers who record 200 transactions AND sell $20,000 or more in services or products must receive 1099s from PayPal. This is the level at which your earnings should be reported. PayPal requires your SSN as a result of this.
Your Social Security Number can be found on your Social Security card if you have one. Your Social Security number can also be found on tax returns, W-2s, and bank accounts. It could even be on earlier submitted USCIS forms.
To do this, you’ll need the following information: The name and address of the company. If you’re a sole proprietor, you’ll need your Employer Identification Number (EIN) or Social Security Number (SSN). To verify that you are who you say you are, provide your date of birth and the last four digits of your Social Security Number.
Fill in your legal first and last names, as well as your email address and a strong password. After that, fill out your mailing address and agree to PayPal’s privacy policies. Your account will be created as a result of this. Finally, link your PayPal account to a credit card, debit card, or bank account.
In most circumstances, a hacker or scammer can use the last four digits of your SSN to register accounts in your name, steal your money and government benefits, and even gain healthcare and tax returns in your name if they have access to other personal information such as your name and address.
Users must upload images of their actual documents, such as their credit card, passport, driver’s license, and government-issued photo ID, to complete the plan. Users will never be asked to submit financial information, let alone copies of papers, by any financial institution, private or public.
If you are a U.S. citizen aged 18 or older with a U.S. mailing address, you can request a replacement Social Security number (SSN) card online using your personal my Social Security account. You are not requesting a name change or any other card change.
By creating a Social Security account, you can read your Social Security Statement (Statement) online. It is beneficial to persons of all ages who are interested in learning about their potential Social Security benefits and present earnings history.