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,