I think the reason they want your SSN is to 1099 your ass after the first 500.00

that amount just happens to be the limit of income you can recieve with out paying taxes from any one source. After 500.00 you have to claim it.

 

Paypal needs two things in order to lift your withdrawal limits. One is confirming a bank account, (which should have already been done when you signed up for paypal) and for the second thing is for a valid SS# or 'enrolling in the expanded use program'. You can 'enroll in the expanded use program' instead of giving your ss# but paypal does charge your credit card about $2. Paypal does ask for a ss# but you don't need to give it.

Since theres quite a bit of high-priced items being sold on this forum, I'm sure plenty use paypal without problems and may need much more than $500/month transferred over to their bank account. And like what others have said, as long as you type in www.paypal.com in a new browser window, you should be fine.

 

migh just do 2 bucks then. #$$#@#@$ giving them my SS.....

 

So you can't get your money from a sale? Except in $500 increments? How often can you get $$$ &

WHY THE HECK WOULD YOU USE A SYSTEM LIKE THAT!?!?!?!?!?

 

they just started doing it. Damn greedy ebay and paypal

 

it is actually $600.00 for 1099 purposes.

 

Don't do it! Never give out your SSN.