Does PayPal Ask for SSN? (Answered Inside!)

Does PayPal Ask for SSN?

PayPal is one of the most popular money transfer services on the Internet. If you plan to set up a business online you will definitely use this service. However, you may wonder about supplying your social security number (SSN) or similar details. Some of the questions you may ask include the following:

  • Does PayPal ask for SSN details, and if so, why?
  • Why does PayPal need this number?

The above questions are important and understandable. After all, you do want to learn why private information, such as your SSN or an employee identification number (EIN), is needed to transfer money. The following information will give you a better idea about why SSN or EIN numbers are requested.

 

Does PayPal ask for SSN Details to Verify my Identity?

When you sign up for PayPal, you may ask, “Does PayPal ask for SSN details to confirm my business or identity?” If you do make this inquiry, you will find that this number is often needed for just this reason. 

Some of the Details

When you sign up for PayPal,

IRS Revises EIN Application Process – What it ACTUALLY Means for Non-US Citizens

IRS EIN Policy

The IRS released an update on May 13, 2019 saying that from now on in order to get an EIN, applicants will need to provide an SSN or ITIN.

Read more about how the IRS has used very confusing language (they are only speaking to people that have an SSN or ITIN; mostly Americans) and they made no comment about people who don’t have an SSN or ITIN…

As you can imagine, this would dramatically affect my business if I can’t help non-US citizens get their EIN without an SSN.

I offer a service for non-US citizens called EIN Express that helps non-US citizens get their EIN without SSN or ITIN.

In the past 4 years, I’ve helped more than 1,200 non-US citizens get their EIN. You can see my past client reviews here.

I’ve done a thorough research and talked to the IRS repeated times and this is the conclusion:

There are NO changes to obtaining EINs for our foreign applicants who do not have SSN or ITIN after May 13th.

This update from the IRS was for Americans who do not want to put their SSN or ITIN on the application (and this was just more of a crackdown and not necessarily a new rule).