What does FATCA require PayPal to report?
If PayPal determines that an account is reportable under FATCA (based on its analysis of account holder information), PayPal must either report information to the local tax authority, the account or to the IRS if the applicable account balance has reached a certain threshold. The reportable information generally consists of customer information (e.g. name, address, and tax identification number (“TIN”)) and account balance information. FATCA requires reporting on an annual basis in most jurisdictions.
We’re sorry, the page you’re looking for is no longer available. Please try your search again in our Help Center if you have a question or want to contact us.
What FATCA documentation does PayPal collect and how do I provide it?The information that must be collected may include, but is not limited to, the account holder’s address and US TIN (if a US person) or other TIN (Tax information number). A business entity can be required to provide: Its country of incorporation, Its business type or classification What currencies does PayPal for Marketplaces support?PayPal for Marketplaces enables you to accept payments in currencies across the globe, including: Canadian Dollars Euros British Pounds U.S. Dollars Japanese Yen Australian Dollars New Zealand Dollars Swiss Francs Hong Kong Dollars Singapore Dollars Swedish Kronor Danish Kroner Polish Zlotys Norwegian Kroner Hungarian Forints Czech Koruny Israeli How do I report potential fraud to PayPal?It's extremely important to report any suspected instances of fraud. Not only will this protect you, it will also help make the web a safer place to do business. Here are some types of fraudulent activity. Please follow the steps we've included below to report them: Unauthorized activity What is FATCA?"FATCA" is the Foreign Account Tax Compliance Act, which is a United States law designed to combat tax evasion by U.S. persons (individuals or entities) that fail to report income related to non-US accounts. FATCA requires some of PayPal's non-US subsidiaries to collect information from their account holders What is PayPal Invoicing and how does it work?PayPal Invoicing makes it simple to send professional, customized invoices. PayPal emails your customer a link to the invoice or you can supply a link in your own email. Your customer then views invoice details and securely pays with a credit card, debit card, PayPal, or PayPal Credit. What happens if I don't provide the FATCA information PayPal requests?If you are a new account holder, you will be required to complete the certification requested by PayPal to comply with FATCA within 90 days of opening your account. If you don't complete it within 90 days, you will no longer be able to send money from or Does it cost money to open a PayPal account?There's no charge to open a PayPal account and to add funds from a bank account in the U.S to your PayPal account. There is also no charge to purchase items using your PayPal account. There are fees in other cases, such as: Receiving payments for goods and Why does gSOAP's wsdl2h command go into an infinite loop trying to parse the PayPal WSDL?Here's how to prevent it from going into an infinite loop: Download the WSDL and XSD files to the local machine: PayPalSvc.wsdl CoreComponentTypes.xsd eBLBaseComponents.xsd In the two XSD files, comment out the third line. <import namespace=... Run the wsdl2h file off the modified version to generate the header What information is required to open a Personal PayPal account?To open a Personal PayPal account, you'll need to provide your name, address, phone number, and email address. We also ask that you create a password for your PayPal account and choose two different security questions to answer. This information is necessary for us to protect you from What format does the API timestamp use?Each API response contains a timestamp with the date and time in Universal Time Coordinated/Greenwich Mean Time (UTC/GMT), sometimes referred to as "Zulu time." Here's a breakdown of the components of an example timestamp (dateTime_in_UTC/GMT = 2015-08-09T21:51:26Z): 2015 -Year 08 - Month 09 - Day T - Time What is Express Checkout and how does it work?Add PayPal as a payment option to any checkout with Express Checkout. Express Checkout offers the ease of convenience and security of PayPal, can be set up in minutes, and turns more shoppers into buyers. How does it work? With Express Checkout, your customers can complete transactions in When does PayPal automatically close a dispute?PayPal automatically closes a dispute: after 20 calendar days, unless it is escalated to a PayPal claim if the seller makes an offer to resolve the dispute and the buyer doesn’t respond within 10 days How does PayPal for Marketplaces manage disputes?Important: PayPal for Marketplaces is a limited-release solution at this time. It is available to select partners for approved use cases. For more information, reach out to your PayPal account manager or contact a PayPal Partner Expert. When something goes wrong with a customer's order, the customer can What should I do if my account shows amount owing to PayPal?When your account shows amount owing to PayPal, we suggest that you review your recent activity to find out why. If your account shows amount owing to PayPal because of insufficient funds, please add funds to your account as soon as possible If you suspect unauthorized activity on What version of PHP is required to use the PayPal SDK for PHP?PHP Requirements are as follows: PHP 5.3 and above. cURL extension with support for OpenSSL. PHPUnit 3.5 for running test suite (optional). Composer. For more information regarding the PayPal SDK for PHP, go to GitHub.What should I consider when going from the Sandbox to Live PayPal with hosted buttons?When going from the Sandbox to Live PayPal, you need to create new hosted buttons on the Live PayPal site. This ensures that the hosted_button_id value of the button is correct. In PayPal Payments Standard, you can create and store buttons on the PayPal site. These hosted buttons What should I do if my account is restricted because I didn't provide the requested FATCA information?Even if your account is restricted you'll be able to log in and access the FATCA information. From your account you can start the certification process by answering a few questions or providing the applicable forms. The certification process is complete when you have: Provided all requested information, Should I report my problem in the eBay or PayPal Resolution Center?PayPal and eBay both have ways for you to report and resolve problems with a purchase. If you paid for an eBay item with PayPal, you can report your problem to either eBay or PayPal. If you didn’t pay with PayPal, you should report your problem to eBay. How do I report an unauthorized transaction on my PayPal account?If you notice a transaction that you didn’t authorize, let us know right away: Go to your Resolution Center. (This link may ask you to log in) Click Dispute a Transaction. Select the transaction you want to dispute, and then click Continue. Select “I want to report a
Related articles are currently unavailable
Video is not available
You were logged out to help protect your account.