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PayPal EIN

BrickLegacy · 2015-11-19T18:23:19.000Z

I received an email from Paypal asking for my SSN/EIN. My sales velocity has picked up recently so I'm assuming they ask for this when there is a chance you might reach their reporting thresholds. I should have a EIN by the end of the day today. My Paypal account appears to be fully functional but I have a notification that says "some of your account features may be unavailable because your tax info needs updating." I went ahead and set my eBay store to vacation while I wait on my accountant to process my EIN. I didn't want any sales to go through and have them rejected by Paypal. A few questions for those that have run into this before: Is there a way to officially tell if Paypal has your account on hold for receiving payments? Other than this notification I can't tell if my account will still accept payments from eBay. Will Paypal ask for a W-9 or other supporting documents when I enter my EIN? If so, do they require this immediately or is that typically a follow-up request? If I enter an EIN, Paypal will require me to upgrade to a business account or create a new (business) account . Anything I should consider when doing so? Do you use a separate personal vs. business account for paypal? Thanks for the help.