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Paypal - Safe to add SSN?
Thread poster: Stephanie Ellenburg
Stephanie Ellenburg
Stephanie Ellenburg
United States
Local time: 09:21
Member (2021)
English to German
Sep 30, 2021

Hi all,

I've noticed that many of you use Paypal and so do I. They recently asked me for my SSN which I am hesitant to give them because, you know, identity theft and all. It seems like if you have a personal account you have to give them this piece of information as it's apparently required by the IRS.

So my question is, would you/did you guys keep your personal account and trust Paypal with your SSN? Or would switching to a business account and then give them the EIN... See more
Hi all,

I've noticed that many of you use Paypal and so do I. They recently asked me for my SSN which I am hesitant to give them because, you know, identity theft and all. It seems like if you have a personal account you have to give them this piece of information as it's apparently required by the IRS.

So my question is, would you/did you guys keep your personal account and trust Paypal with your SSN? Or would switching to a business account and then give them the EIN be the smarter decision? Would a business account come with any major drawback?

Thank you all in advance,
Stephanie ▲ Collapse
 
Samuel Murray
Samuel Murray  Identity Verified
Netherlands
Local time: 17:21
Member (2006)
English to Afrikaans
+ ...
@Stephanie Sep 30, 2021

Stephanie Ellenburg wrote:
They recently asked me for my SSN which I am hesitant to give...


AFAIK it's reasonably normal for a financial institution to ask you for your SSN. And PayPal is as safe as any bank.
 
Adriana Costa
Adriana Costa  Identity Verified
United States
Local time: 08:21
Member (2021)
Spanish to English
+ ...
Paypal- Safe to add SSN Sep 30, 2021

Hello:
Please read this informative article.
It might help you to make your decision.
https://mollaeilaw.com/blog/paypal-ssn-information
 
Stephanie Ellenburg
Stephanie Ellenburg
United States
Local time: 09:21
Member (2021)
English to German
TOPIC STARTER
@Samuel and @Adriana Oct 1, 2021

Thank you for your responses. Although I still don't know what I'm going to do, I very much appreciate the input.
 


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Paypal - Safe to add SSN?







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