You may be wondering, “Why does PayPal need my SSN and other documents for verification?” If so, you have come to the right site, as the following information will give you a better idea of why PayPal makes these requests.
If you do not have a Social Security Number (SSN), you can definitely use an ITIN number instead. Apply for an ITIN number with EIN Express today!
When you use PayPal as a service, you make money transfer easier. The money transfer service enables you to buy items, make deposits to a bank account, or transfer funds to other PayPal accounts. To use the service, you normally must provide PayPal with your contact details, debit or credit card information, or your bank account number.
When you include the required sign-up information, you also have to establish a default method for payment. Using PayPal for any money transfer can save you time, and makes it easier to buy products or services, invoice business customers, or send online payments.
When PayPal asks for additional information, such as a business EIN (employee identification number),