PayPal requires personal accounts to use their real names; however, business accounts may remain anonymous to payment recipients and you can even change your display name on PayPal.
To legally change your name, supporting documentation must be presented. This could include providing scans of government ID or court orders authorizing name changes.
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Creating a PayPal account
One of the most critical pieces of information when opening a PayPal account is your name. Ideally, this should match up with what’s used on bank accounts so funds can easily transfer between accounts; otherwise you may run into issues when trying to make payments.
There are multiple ways PayPal allows users to hide their real names. They include changing legal names or creating business accounts under an alias – both are effective ways of protecting privacy and avoiding confusion.
Noting the following points, using a fake name with PayPal is against their terms of service and could result in account closure. Although some have used false identities to sign up with them, this practice should be avoided as violating their TOS could also violate local law; searching Google will reveal forum threads offering advice and step-by-step instructions for signing up using a false identity.
If you do decide to use a fake name, ensure it sounds realistic. In addition to an alias and address that are suitable, make sure your fake phone number can easily be verified so you can open a PayPal account once everything has been established.
Once logged in to PayPal, a screen with three options for changing your name appears: “Update Your Name,” “Select Your Type of Name Change,” and “Continue.” To update your name, choose an appropriate option; additional documentation such as photo identification may also be uploaded if needed.
After updating your name, it should appear in the top left corner of your PayPal page as two crossed lines that form an X icon. Clicking this will close out of interaction and dismiss its notification.
Verifying your identity
PayPal accounts under false names can cause some issues for some people when they need to verify their identity or link their bank account. Under Know Your Customer laws, PayPal must verify the identities of its customers – this could require proof of address or even social security numbers in order to prevent fraud and legal issues. This step helps prevent potential issues like identity theft.
In the US, your name will appear on your PayPal account and to recipients of any payments made from it. If you prefer keeping this information private, creating a business account and using its name instead could help with keeping things more discreet; though this won’t guarantee privacy from people determined to uncover your identity.
If you want to change your name on PayPal, you will require two documents – government-issued ID and proof that it has changed (i.e. birth certificate, marriage license or passport). In certain instances additional documentation such as utility bills or credit card statements might also be required.
Once you have the necessary documents in hand, submit them to PayPal and they will review and evaluate them before notifying you if your request has been approved – usually this process takes 3-5 business days.
Your PayPal name allows you to select this option without providing documents, making this perfect if your legal name differs significantly from how people know you (for instance if everyone calls you Francesca but your PayPal name should reflect this nickname like Frankie or Francesca is not the case!). If this applies to you then this could be used as your PayPal name instead.
Use of a false identity on PayPal is strictly against its terms of service and can result in suspension from the site if found out, however some people use false names for legitimate reasons such as concealing their identities from friends and family or to prevent harassment from those they send money to.
Although using a false identity on PayPal is technically against their terms of service, it isn’t illegal. Since Paypal isn’t a bank with legal power over people who violate its rules. Still, using such tactics should be considered risky and should only be done at your own risk.
Creating a business account
Use of a false identity on PayPal is against its terms of service and could result in your account being shut down; however, there are ways around this. One is switching to a business account under your company name; this will prevent people from associating your personal bank account with PayPal; though this won’t prevent anyone from learning who owns your company.
Alternately, using a pen name is another method to conceal your identity. To achieve this goal, create a new email address before logging in to PayPal with it – once there you can add your pen name as part of your profile and make payments using this means. Just remember that in all transactions your real name must still be provided when necessary.
If you wish to change the name associated with your PayPal account, the process can be accomplished by providing supporting documentation such as scans of government-issued photo ID or official documents as well as utility bills showing your current name and address. Please be aware that this may take some time.
An alternative solution would be registering with your state as a DBA (doing business as) name, which acts as a legal entity registered to conduct business under that name. Although not foolproof, registering your name as such may help protect it from scammers and hackers alike. You could even set up an LLC or trust and create business accounts under that name; just ensure all documents have been checked first!
Using a pen name
Pen names when using Paypal can be an effective way of protecting your identity and remaining safe from scammers or fraud. But this method still carries some risks; scammers or fraud may target you more readily while it also makes it harder for people to reach you with questions or issues with products they purchase from you.
As such, many authors use pen names when writing. Not only are pen names effective privacy tools, they can also improve writing style and eliminate gender bias in books written. When selecting the perfect pen name generator can provide suggestions of names.
If you decide to adopt a pen name, it is essential to keep in mind that PayPal can recognize this name when sending or receiving payments. Your bank account must correspond with your PayPal name as well as providing verification documents such as utility bills or government issued ID in order to change it on PayPal.
Use a business account to still conceal your identity. By setting up such an account, you can choose any name for your company – thus protecting personal details like home address or email address from being seen by people outside your circle of trust. In addition, virtual credit cards provide another means of hiding identities.
Fraudulent activity when opening bank accounts or PayPal is illegal. Financial institutions take fraud and security very seriously and if caught, could result in fines or jail time. Utilizing fake names when buying and selling on PayPal may lead to significant problems between buyers and sellers; additionally it violates PayPal’s terms of service – so be wary!