Did you process enough online payments this tax year to incur requiring a 1099-K? If so, we'll be in touch - or, reach out to us and we can help.
Typically, the requirement is OVER 200 transactions AND $20k in payments/transaction volume. If you didn't do that in the last year, you won't be receiving a 1099-K from us.
To see what you paid in fees last year, head to your Sales Report. Click on 'Custom' for the date range, then choose the time frame (typically 1/1/xx-12/31/xx). Then 'export' the report and you'll see the following:
Gross Sales - Your total sales
Processing Fees - Our processor's CC fees
Net Settlement - What's been settled into your bank account
Here are some of the requirements for online businesses accepting payments from the IRS:
Please contact us here at email@example.com if you have questions.