Do I Need to Provide a 1099 Form for Payments Made with a Credit Card?

The short answer is, no, you do not. Employers do not prepare 1099-NEC or 1099-MISC forms for any of their credit card business-related payments. The rule extends to some other forms of payment that are similar to credit cards. They include: debit cards, mobile wallets (e.g. PayPal), and store-valued cards (e.g. gift cards). Prepare a Form 1099-NEC or a Form 1099-MISC if you pay one of your contractors with cash, check, or another similar method of payment. The entity that is responsible for the payment settlement (e.g. a credit card company) must issue a 1099. They send Form 1099-K to contractors who use the credit card payment method.

Third party processors can print data on our preprinted forms for simple 1099-K distribution. Try our free demo software today to learn how you can report data within our software.

Software Solutions from AMS

Our W-2 and 1099 Forms Filer is our only required platform. From there, users pick the services they need. Choose from the tools below to build out your customized accounting software.