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How To Get ITIN For Paypal

Hey, so today we’re going to be talking about how to get an ITIN for PayPal.

Hey everyone, this is Sina Bonabi here from EIN Express.

I’m an IRS Certified Acceptance Agent and I’m both trained and authorized by the IRS to help non-US citizens all over the world, just like you, to successfully get their EINs and ITINs for them.

We’ve assisted over 2,240 non-US citizens to get their EINs and ITINs and we’d love to help you get yours as well too.

Today we’re going to be talking about a topic that is popular in the foreign entrepreneur world who are non-US citizens.

I want to break down this response into two parts.

Get your ITIN for PayPal here: https://einexpress.com/itin

 

The Importance of Getting an ITIN When You Open a Paypal Account

The first part I want to discuss is what I’ve been seeing happening with a lot of our clients or people who have been emailing me with inquiries about this.

I’m seeing very commonly that, it doesn’t happen all the time, but it happens sometimes with these clients who are trying to open up accounts with PayPal.

What happens is they’re able to, let’s say, for example, a foreign entrepreneur non-US citizen doesn’t have an ITIN, but they’ve registered business in the U.S., like an LLC.

I’ve seen them be able to open up business merchant accounts with PayPal without the ITIN and they started going about conducting and collecting payments in this payment gateway, but then eventually down the line, PayPal puts a pause, or they freeze their merchant account, and then they request an ITIN.

Now I know why they do this, but I’ve been seeing this happen a lot.

The reason why PayPal is doing this is, or they did this for certain people I guess, and then now why are they requesting ITINs is because after they opened the merchant account for the client, once the client hit a certain threshold or a limit of, I guess, revenue generated into the account, then by rule, PayPal has to obviously report this for tax reporting purposes to IRS.

When that happens, they must obtain the ITIN from the client for their tax reporting purposes and so that’s why they’re pausing the client’s merchant account, or they’re freezing it, and they’re requesting the ITIN and they won’t let them move forward without doing so.

It doesn’t happen to everybody, but I have been seeing this happen a lot recently over the last year.

Now, I always tell people to cover your bases, get your ITIN so that way you can comply with all the requirements.

 

Paypal Does Accepts ITIN If You Don’t Have an SSN

Which brings me to my next part, if you want to get an ITIN to comply with PayPal.

PayPal, they require different things to open up the merchant account.

Let’s say for business foreign entrepreneurs, obviously requiring business documentation, the EIN documentation, which is the Employee Identification Number, it’s a tax ID specifically for the business.

They also require the ITIN as well, and it doesn’t just stop there, PayPal also has additional information and documentation that they’re required in addition to the ones I just mentioned.

You want to make sure, and I strongly recommend this, contact PayPal’s customer service department and make sure that you get a list of all the information and documentation they require to open up this merchant account so you’re not missing anything.

I’m also hearing from people that PayPal doesn’t accept the ITIN. That’s not true.

I know sometime back it would just list it on the website when you would try to open an account, just provide your SSN and didn’t even say ITIN, but I think that’s changed now recently. Even if it hasn’t, I know for a fact that PayPal does except the ITIN.

If you want to know how to go about using your ITIN in place of SSN, contact our customer service department. They’ll walk you through the steps on how you can use your ITIN in place of the SSN requirement.

Get your ITIN for PayPal here: https://einexpress.com/itin

 

What To Do Next

I hope this responsive video was helpful to a lot of you out there, especially the foreign entrepreneurs, and if you guys feel like you’re in this situation, please go ahead and contact me, email me.

I handle this type of case every day, all day, and know that I can successfully help you get your ITIN from the IRS.

I’d love to help you, so don’t hesitate to contact us. If you guys have any questions or comments, go ahead and post them below and when you are ready to start your ITIN application, go ahead and click the link below as well too.

I look forward to working with the guys soon. Take care. All the best.

Get your ITIN for PayPal here: https://einexpress.com/itin

Sam Mollaei, Esq.

As a Business Lawyer for Entrepreneurs, I help entrepreneurs start their U.S. business without dealing with complicated government forms. I’ve assisted more than 2,246 entrepreneurs successfully start their business and I'm backed by more than 702 5-Star Google Reviews. If you're interested in starting your business, take the first step by requesting your Free Strategy Session on this page.

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