Does signing up for WePay affect my income taxes?

Using WePay does not necessarily affect your taxes.  WePay helps you organize your payments and under certain circumstances will issue you Form 1099-K, a requirement from the IRS. Your SSN and Tax ID will only be reported to the IRS in the event that you collect more than $20,000 and 200 payments in the calendar year.  More information can be found here.

Note: WePay is currently only available to makers in the U.S.

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