Form 1099-K is used to report income generated from Payment Card and Third Party Network Transactions. This was created under the 2008 Housing Assistance Tax Act to help ensure that businesses, particularly online retailers, are accurately reporting their income for tax purposes.
In the merchant services industry, the scene is so active and almost saturated that merchants no longer felt the need to fear that a certain company will monopolize the industry, which sometimes leads to underwhelming services that are left unchecked.
Agapay and using our gateway decreases the chances of losing chargeback fights. Furthermore, we have partners that can assist you in your fight with consumers that are trying to take advantage of the system that is already in your favor. If you need help, we are here.
Want to setup chargeback protection or need help mitigating a dispute? Call us today!