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re: PayPal wants my Tax ID Number.

Posted on 1/14/15 at 6:15 pm to
Posted by drewnbrla
The Pool is closed.
Member since Mar 2011
7839 posts
Posted on 1/14/15 at 6:15 pm to
quote:

PayPal is for losers.

Looks like you fit right in.


I 'd
Posted by austintigerdad
Llano County, TX
Member since Nov 2010
1884 posts
Posted on 1/14/15 at 6:30 pm to
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.
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