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

Venmo co-founder Iqram Magdon-Ismail and Sam Lessin launched the JELLYJELLY token, surging to a $250M market cap on Pump.fun.

JetBlue is the first airline to accept payments from the peer-to-peer payment app, which is owned by PayPal. Like Apple Pay, Google Pay, or PayPal itself, Venmo lets you complete a transaction without having to dig out your credit card or input your financial details into the website.

Elon Musk's X has struck a deal with Visa to launch a Venmo-like digital wallet and peer-to-peer payment system for the app’s upcoming “X Money” service. As part of the deal, Visa Direct will allow X Money account holders to connect their debit cards to X,

In response, the token skyrocketed 1,278% from a market cap of $18.38 million to $253 million in just four hours. In the eight hours that followed, JELLYJELLY has since retraced 42% to $145 million, according to DEX Screener.

offering a simpler way to optimize rewards. But the sign-up bonus is a bit of a moving target, and you must use the Venmo app to get the card.

Musk once dreamed of making X the “biggest financial institution in the world,” taking the first step of launching a peer-to-peer payments competitor to PayPal’s Venmo, Block’s Cash App and bank-owned Zelle.

In an announcement last week, JetBlue says it's the first airline to accept payment for a plane ticket through Venmo. Many airlines already let you use PayPal (which owns Venmo), but this is the first airline partnership with the popular peer-to-peer payment platform.

( NewsNation) — JetBlue recently announced it has become the first airline to allow travelers to pay through Venmo. The feature is currently available on the company’s website and will soon be available on the JetBlue mobile app.

JetBlue announced this week that it will now accept Venmo payments, a first for the airline industry. The new arrangement has many advantages but also a few uncertainties, especially for travelers who live for their credit card’s bonus points.

(NASDAQ:PYPL) continues to navigate a rapidly evolving digital payments landscape, facing both opportunities and challenges as it seeks to maintain its position as a leading financial technology company.