#paymenttransactions

This form reports income received from payment cards and third-party network transactions, often associated with online sales platforms. Who receives it: Business or individual who received payments. Who files it: Payment settlement company (e.g., PayPal, Stripe). Reported income: Total payment card and third-party network transactions exceeding a certain threshold ($20,000 in gross transactions AND over 200 transactions in 2023 and 2024).