"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-U.S. accounts. FATCA requires some of PayPal's non-US subsidiaries to collect information from their account holders to determine whether accounts are held by U.S. persons (as defined by FATCA).
What is FATCA?
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What does FATCA require PayPal to report?If we determine that an account is reportable under FATCA (based on its analysis of account holder information), we must either report information to the local tax authority of the account, or to the IRS if the applicable account balance has reached a certain threshold. The reportable information What is a U.S. person for FATCA and 1099K tax reporting purposes?A U.S. person generally includes the following: A U.S. citizen or resident individual, including U.S. citizens living outside the U.S. or U.S. citizens and residents operating a business outside the U.S. (This includes green card holders.) A corporation or partnership organized in the U.S. or under the laws What should I do if my account is restricted because I didn't provide the requested FATCA information?Even if your account is restricted, youll 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 youve: Provided all requested information, Reviewed What FATCA documentation does PayPal collect and how do I provide it?According to FATCA, the information that we must collect may include, but isnt limited to, the account holders address and U.S. TIN (if a U.S. person) or other TIN. A business entity can be required to provide: Its country of incorporation. Its business type or classification under FATCA. What happens if I don't provide the FATCA information PayPal requests?If youre a new account holder, youll be required to complete the certification we requestedto comply with FATCA within 90 days of opening your account. If the certification isnt completedwithin 90 days, youll no longer be able to send funds from, or receive funds into your account. If Who is impacted by FATCA?FATCA impacts holders of accounts that are outside the United States, and it requires us to collect tax documents or certifications from account holders stating whether or not theyreU.S. persons.This includes, but isnt limited to, business entities and some individuals that open accounts outside the United States. Pursuant What are the mrb and pal parameters and what are they used for?mrb parameter The Merchant Referral Bonus (MRB) program is an old Channel Partner bonus program that was used to identify and reward merchants for referring other merchants who signed up with PayPal. input type=hidden name=mrb value=XXXXXXXX pal parameter The pal parameter can be either the encrypted account number What can I do with PayPal?With PayPal, you can enjoy a safer and easier way to send and receive payments for goods, services and more. Shopping globally with peace of mind Simply link a card to your PayPal account and you can start making payments in over 20 currencies. Instead of entering your What are disputes and claims?If items havent been received or the items dont match the original description, PayPal has a dispute process to help buyers and sellers resolve the issue. We encourage buyers to try contacting their sellers directly before disputing a payment through PayPal as this is often the easiest and What are XML and PayPal's XMLPay?About XML XML (eXtensible Markup Language) is derived from Standardized General Markup Language (SGML) and HyperText Markup Language (HTML). In a sense, XML is a streamlined version of SGML, but its main advantage is that it lets you meaningfully annotate text. XML maintains both SGMLs strength and HTMLs What is a loss account?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 merchants are onboarded via PayPal for Marketplaces to a Managed What are micropayments?PayPals micropayments price is 5% +7JPY and is designed for merchants who process low-value transactions. Themicropayments rate is available to all merchants and in all countries whereBusiness accounts are available. If you sign up for micropayments, you will be charged the micropayments rate on all transactions regardless of What is a chargeback fee?A chargeback happens when a buyer asks their credit card issuer to reverse a transaction after it has been completed. When its filed, the amount of the transaction and the chargeback fee will be deducted from the sellers PayPal account. If youre eligible for PayPal Seller Protection, well What is Preselling?If fundraisers accept payments independent of their reward based campaign for the future delivery of a product or service it is considered Preselling. When fundraisers engage in preselling, PayPal may hold the money to help ensure that buyers receive the product or service they paid for within the What if I forgot my email address?Heres how to recover your email address: ClickLog Inat the top right corner of the page. ClickHaving trouble logging in?. ClickForgot?. Select I dont know what email address I used. Enter up to 3 email addresses you may have used to log in to your PayPal account. Enter What are holds and disbursements?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 they sign up for PayPal for Marketplaces, partners and merchants What is the PayPal Shopping Cart?The PayPal Shopping Cart, a feature included in Website Payments, allows you to accept PayPal payments for multiple items at one time directly from your website. It is available to Premier and Business accounts.My password was locked. What do I do now?If your password is locked, you need to create a new one. Heres how: ClickLog Inat the top right corner of the page. ClickHaving trouble logging in?and follow the instructions. Note: When creating a new password, please dont use the same password you use for your email, or What can I do with an API certificate?With a PayPal certificate you can establish a secure SSL connection to PayPal's API server in order to use the various APIs.
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