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Can paypal affect your social security?
I just setup my account for Paypal because I want to purchase "The Flow" by themodernman and Paypal says if I link it to my bank account, I will receive 2 small deposits for my bank account. However, the problem is I have Social Security for my Aspergers and if I go over my limit, I will lose my Social Security and I don't want to lose that. I don't know how small these 2 small deposits are and I'm afraid they might jeopardize my social security. I just want to buy at least one item with Paypal and that will be it. What should I do?
4 Answers
- JudithLv 75 years ago
Paypal has absolutely nothing to do with social security. Social Security is interested in any income you receive if you get SSI and if you get SSI you are allowed resources up to $2000. If you get social security instead of SSI, then they are only interested in wages or self-employment income.
Source: I was a social security claims rep for 32 yrs.
- Anonymous5 years ago
"Paypal" has nothing to do with your Social Security - it's just a medium to exchange money. Outside INCOME is the issue. If you have SSDI or SSI, your total income is a factor.
- BobLv 75 years ago
These small deposits are very small indeed, each one will be below $1. They're sent simply to verify that the account you give them really belongs to you. I think it's highly unlikely that these tiny one-off payments are going to affect your SS.
- hotstuffktrLv 65 years ago
Savings360 did this with me. It was literally like $0.09 and $0.13. Don't worry about it.
