The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or gift cards. Third-party payment services send this form to taxpayers who cross the reporting threshold and a copy goes to the IRS, as well.

The IRS currently requires any third-party payment apps like Cash App and Venmo to send a 1099-K to the IRS and individuals if they earned more than $20,000 in commercial payments

PayPal’s Jose Fernandez da Ponte, SVP of Blockchain, Crypto, and Digital Currencies, says blockchain will not replace traditional banking.

PayPal is set to report its fourth-quarter earnings on Feb. 4. The market will pay close attention to the trends in payment transaction volumes and user engagement. Signs of more profitable growth could be a catalyst for the stock to rally higher in 2025.

PayPal is the most popular digital payments company, with over 400 million users and over 6 billion payments processed per quarter. But while the online payment behemoth is the clear leader in

Paypal Holdings Inc. investors can’t proceed with a lawsuit alleging the payment platform company touted user account growth without disclosing a boost from bot farms, at least as the investors’ claims are currently pleaded,

It's almost impossible to predict whether a stock can turn investors into millionaires one day. However, PayPal's durable growth and competitive strengths certainly resemble traits of a high-quality business. It's also very profitable, with an operating margin in the high teen percentages.

New York State has announced a $2,000,000 settlement with PayPal over charges it failed to comply with the state's cybersecurity regulations, leading to a 2022 data breach.

The general mood among these heavyweight investors is divided, with 27% leaning bullish and 63% bearish. Among these notable options, 2 are puts, totaling $213,740, and 9 are calls, amounting to $689,680.

Bernstein raised the firm’s price target on PayPal (PYPL) to $94 from $90 and keeps a Market Perform rating on the shares. The firm says PayPal

PayPal has to pay a $2 million settlement over a data breach from 2022 and ensure MFA for logins of all US customers.

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require third-party payment apps, like PayPal, Venmo or Cash App to report income of over $600 or more per year to the tax agency. The IRS delayed this new reporting requirement in 2022 and again in 2023.