Why Does PayPal Need My Identity?

What happens if you use a fake name on PayPal?

Meaning: PayPal needs to know your real name and address, but you can make up a business name that will appear on all PayPal transactions.

As the others have said, using a fake name happens all the time on PayPal, but it is against the terms of service and is grounds for immediate suspension..

What are the disadvantages of using PayPal?

Disadvantages of PayPalYou lose your Section 75 rights. … PayPal charges you to receive money. … PayPal often freezes a user’s account. … PayPal may hold on to your money.

What personal information does PayPal need?

To open a Personal account, you need to provide your first and last name, address, phone number, and email address. For your protection, you’ll create a password for your new account and select 2 security questions.

Can I trust PayPal with my SSN?

You should disregard any effort made by PayPal asking for SSN or EIN info if you are a casual buyer on PayPal. Simply do not enter the number. However, it is helpful to add your tax number when you need to collect payments online from PayPal customers or process business transactions.

Can others see your personal info on PayPal?

they can see your personal information, except your credit or debit card information.

What information does PayPal sender see?

Re: When someone sends you money, what info can they see? You can see the Sender’s PayPal email address, their name, and optional note.

Is it safer to use PayPal or credit card?

The chip embedded in newer credit cards makes them safer by encrypting transaction data. If you come across the older “swipe” technology, avoid using it. PayPal, on the other hand, is the Holy Grail for hackers. Just because the company hasn’t ever been hacked doesn’t mean that it never will be.

Can I use PayPal without confirming my identity?

We’re asking for identifying information so you can keep money in PayPal and use other features that rely on a balance. … If you don’t provide identifying information, or we’re unable to confirm the identifying information you provide us, you will not be able to use a balance to send money or make purchases.

Is it safe to give out PayPal info?

It’s perfectly safe to give them your email address – as long as they don’t know your password – but usually what happens after that, is if it is a scammer, you start receiving fake emails trying to get you to believe money is in your account…… when it really was never sent at all.

How long does PayPal take to confirm identity?

Select the “Confirm Instantly” button and provide your bank account login credentials on the next page. Otherwise, click “Confirm in 2 – 3 Days” to confirm your account by sending two small verification deposits.

Can someone hack your PayPal account with your email address?

Your information is safe with PayPal – if someone knows the email address you use to log in to PayPal, you’re still secure unless you’ve provided them other sensitive personal information, such as your financial information, password, or security questions.