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Form 1099-K & Payment Types to Report

Form:    1099-K

Title:    Merchant Card and Third Party Network Payments

What to Report:  Payments made with a credit card or payment card, including third party network transactions

Amounts to Report:  Third party settlement organizations requirement - $20,000 or more in networks transactions and 200 or fewer transactions 

Merchant acquiring entities (or “merchant banks”) requirement – All amounts

Due Date to IRS:  February 28

Due Date to Recipient (unless indicated otherwise):  (To merchants) January 31


Payment Types:
  • Merchant Card Payments
  • Third Party Network Payments


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Page Last Reviewed or Updated: 2012-08-04