Why add ssn to paypal

PayPal requires Social Security Number to verify your identity. If you are a buyer, it is not standard practice to provide an SSN unless you apply for PayPal credit. When you sign up for a line of credit through PayPal, you need to provide the last four digits of your social security number. Site security is enforced if you are worried about PayPal asking for Social Security Number details or similar account information. PayPal has enjoyed a good record with respect to security.

When you sign up for a PayPal account, you must add your credit card account number or banking account details. This information is required so your account can be verified.

When signing up at any site—even secured platforms—make sure your site is free of trojan keyword viruses. Even a secure site can be hacked in these cases.

You should also be cautious about the receipt of fake PayPal emails or phishing. I bought an item on eBay and the seller reneged, issued a refund.

They're holding the money hostage in an effort to get me to turn over confidential information. The refund is only 22 bucks, which makes this a really, really cheesy little holdup attempt on the part of PayPal. Fascist banking. And no amount of smoke blown at me from Bombay can change that simple fact. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. By browsing this website, you consent to the use of cookies.

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Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Showing results for. Search instead for. Did you mean:. So I tried accepting money from a business account, it then said i needed a ssn. Login to Reply or Kudo.

All forum topics Previous Topic Next Topic. If you are concerned about whether your SSN and other personal information are safe with PayPal, you need not worry. As is it a government rule to send a tax report for certain kinds of sellers, PayPal has been enforced to collect your Social Security Number. You need not think twice before you enter your SSN on the portal as the portal highly secure.

Sometimes even the biggest of the big companies have faced a security threat. Although PayPal has invested maybe millions behind security, there is still a slight risk of a security threat. This is a risk that we must willingly take if we want to use the platform.