PayPal should ask for SSN at signup or not at all
I have received a message from PayPal saying that, because I MIGHT have enough transactions through them to generate a 1099-K, that I have to provide them with my Social Security Number. I know the threshold ($20,000) and will be sure to NOT exceed it. I have told them this, and they still insist on having my SSN.
Meantime, they have limited my account so that I can not receive payments through them. Obviously, I do not want to provide that number and this is something they should have asked for when I signed up and I could then have decided if I wanted to provide PayPal with my SSN or not. Now they are holding my money hostage in exchange for my SSN and this is not fair.
Posted: August 6, 2014 at 6:52 pm