FROM PAYPAL WEBSITE
U.S. citizen or other U.S. person/entity
Customers who exceed the reporting thresholds set by the IRS ($20,000 USD and 200 transactions) will be asked to confirm their U.S. taxpayer status and to provide their U.S. taxpayer identification number (SSN, EIN, ITIN) and name.
When you need to confirm your U.S. taxpayer status, we’ll let you know by email and by notifications that you’ll see when you log in to your PayPal account. Click the link provided in the email or in the notification and enter the requested information.
The information you provide will be compared to the information on file with the IRS. If it doesn’t match, you’ll be able to review and edit the information up to three times. If the information cannot be verified, you’ll be asked to also provide your address and certify your information. (This is the same information collected in the
IRS Form W-9.)
If you have multiple PayPal accounts, you’ll need to confirm your taxpayer status for each account.
If the IRS has notified you that you are currently subject to backup withholding, don’t submit your information online. Instead, contact PayPal Customer Service for assistance with confirming your taxpayer information at 1-888-221-1161 (1-402-935-2050 if calling from outside the U.S.).
How do I receive money or get paid via PayPal?
Getting paid or receiving money through PayPal is very easy! Someone must send a payment to your confirmed email address, registered to your PayPal account. We’ll send a message to that email address to let you know someone has sent you a payment, so you can claim it. To receive your payment, you must open a PayPal account and confirm that email address.
If you already have a PayPal account, you’ll see the recent activity on your Summary page. Click your transaction to view the details.
As soon as you receive the payment, you can transfer the money to your bank account.
Q, look at the last line …. WHATS THE DEAL asking for your bank account ???
