We have updated the FAQs related to 1099-K forms for 2020. One key change is that API and website edits of merchant data will only affect current and future years' forms. If a merchant makes a data update that warrants an amended return for 2020 (name or TIN for example), the change must be accompanied by a request to ProPay support teams to issue an amended 1099-K with the updated data.
Posted Jan 27, 2021 - 13:05 MST
Scheduled
ProPay has partnered with a 3rd party provider for delivery of 2020 1099-K tax forms. Key changes to the process compared to prior years include:
- Printed 1099-Ks will be sent directly to merchants - Digital copies will not be uploaded to www.propay.com or https://xfer.propay.com - Requests for corrections will take 4-6 weeks to process
Additional details are covered in the support article below. Please review for further information on these changes and contact us with any questions. We encourage continued efforts by integrated partners to ensure merchant business and tax information is kept current with ProPay to avoid inaccuracies or delays in merchants receiving 1099-K forms.
This scheduled maintenance affected: Production Processing Solutions (Credit Card and ACH Processing, Websites, Mobile, and Card Readers) and Production Supporting Solutions (xfer.propay.com - SFTP Reports).