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re: PayPal wants my Tax ID Number.
Posted on 1/14/15 at 6:30 pm to drewnbrla
Posted on 1/14/15 at 6:30 pm to drewnbrla
The IRS requires PayPal to submit a 1099K form for all of its larger merchants. That's why you'll need to provide your tax ID or SSN. There's nothing unusual about it.
And PayPal definitely isn't for losers IMO. Its Web payments API has low transaction fees, great fraud controls, very good customer service, and very little downtime if you're an online merchant.
With the API integration, online customers never see a PayPal login page and typically never know that PayPal is handling the payment card transaction.
And PayPal definitely isn't for losers IMO. Its Web payments API has low transaction fees, great fraud controls, very good customer service, and very little downtime if you're an online merchant.
With the API integration, online customers never see a PayPal login page and typically never know that PayPal is handling the payment card transaction.
3
Posted on 1/14/15 at 6:35 pm to austintigerdad
quote:
The IRS requires PayPal to submit a 1099K form for all of its larger merchants. That's why you'll need to provide your tax ID or SSN. There's nothing unusual about it.
Am I gonna get taxed?
Posted on 1/14/15 at 6:37 pm to austintigerdad
Nor do they realize paypal is a glorified sales channel. Think chase is the true acquirer.
Posted on 1/14/15 at 6:50 pm to austintigerdad
Lol.
From the consumer standpoint you get far more protection using your bank-issued credit card for purchases.
I can definitely see why a business, especially a sketchy e-business, would want you to remit payment via PayPal.
From the consumer standpoint you get far more protection using your bank-issued credit card for purchases.
I can definitely see why a business, especially a sketchy e-business, would want you to remit payment via PayPal.
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