**Instructions for Payee
You have received this form because you have either: (a) accepted
payment cards for payments, or (b) received payments through a third
party network that exceeded $20,000 in gross total reportable
transactions and the aggregate number of those transactions
exceeded 200 for the calendar year. Merchant acquirers and third
party settlement organizations, as payment settlement entities (PSE),
must report the proceeds of payment card and third party network
transactions made to you on Form 1099-K under Internal Revenue
Code section 6050W. The PSE may have contracted with an
electronic payment facilitator (EPF) or other third party payer to make
payments to you.
If you have questions about the amounts reported on this form,
contact the FILER whose information is shown in the upper left corner
on the front of this form. If you do not recognize the FILER shown in
the upper left corner of the form, contact the PSE whose name and
phone number are shown in the lower left corner of the form above
your account number.
See the separate instructions for your income tax return for using
the information reported on this form.**
Not understanding this at all. I was about 19K short of that 20K. And doubt that 200 transactions figure, a lot.