I really want the new card reader from PayPal, but I do not feel comfortable giving up my full social security number. Does anyone know a way around this?
Paypal has a legal obligation to verify and identify their users and providing your SSN is what is required for them to know that you are who ou say you are. This is prevent people using PayPal with fake names and addresses to launder money from illegal activites and or fund terrorism. There isn't a way around it sorry to say. You don't have to do anything you don't want ie give out information, but PayPal will not allow you to continue to use their facilities.
No dice. You must provide your SSN. As a card processor, the merchant may have to issue you a 1099-K at the end of the year to tell the IRS how much income you had each month. The only alternative is for the processor to withhold 28% of each payment.
You don't have to give them you social security number it's optional. I have never given PP my social security number. Also the least PP knows the better. However for a card read you may have to give it to them.
