Why Is PayPal Asking for SSN Information? (What You Can Do About It)

Why is Paypal Asking for SSN Information

Whenever you open a PayPal account, you need to provide the site with certain personal details. PayPal, itself, is an online financial service that permits users to pay for items using a secured account online. In some cases, you may ask, “Why Does PayPal Need My SSN?”

 

Do I Have to Give PayPal my Social Security Number (SSN)?

To use the PayPal account, you must add certain details, primarily the following:

  • Your bank account(s)
  • Your debit or credit card details
  • Your contact information

When adding the account information, you can set one of the accounts as the default payment method and establish one as a back-up choice. Because PayPal has been in business for a fairly long time, you can find the “pay by PayPal” option on thousands of sites online.

PayPal offers buyer protection, which safeguards you if you dispute a charge and want to request a refund. If you have a PayPal account and are a business,

Why Does PayPal Need my SSN and other Documents for Verification?

Why Does PayPal Need my SSN and other Documents for Verification?

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),