PayPal Ventures’ latest investment is in an Indonesian startup that provides personal insurance products covering a variety of risks, including accidents, phone screen damage, and ticket cancellations. Qoala has secured $47 million in a new round co-led by PayPal Ventures and MassMutual Ventures, the five-year-old startup said Wednesday. MUFG Innovation Partners, Omidyar Network as well … Read more
Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at a new finance-based dating app, Robinhood’s earnings results and the startup in which PayPal Ventures made its first investment. Let’s dive in! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:30 a.m. … Read more
Tax season is in full swing. If you’re waiting on a 1099-K to file your tax return — you may not be getting one. Since the IRS has delayed launching its new 1099-K reporting requirement, self-employed workers can expect 1099-NECs from clients, but are unlikely to receive them from third-party apps. This story is part … Read more
Tax season is officially underway, and if you’ve been waiting on a 1099-K to file, listen up. A lot of taxpayers who’d expected to receive a 1099-K won’t be getting one. That’s because the IRS decided to delay rolling out this new tax reporting requirement. This story is part of 12 Days of Tips, helping … Read more
The IRS plans to finally implement its new 1099-K reporting requirement this year. That means anyone who receives $5,000 or more in income via third-party payment apps such as PayPal, Venmo, Cash App or Zelle in 2024 will receive a 1099-K next year. Originally slated to take effect in 2022, this IRS reporting change will eventually have payment … Read more
Open banking — where traditional banks can share data, and build new services, by way of APIs that bring their ageing systems into the 21st century — has seen its biggest traction to date in mature economies, where the vast majority of consumers and businesses already have bank accounts; are au fait with digital transactions; … Read more
After two years of delays, the IRS plans to finally implement its new 1099-K reporting requirement for anyone earning income via third-party payment apps like PayPal, Venmo, Cash App or Zelle. Originally slated to go live in 2022, this IRS reporting change would have payment apps report income over $600 to the tax agency. Previously, third-party apps … Read more
Photo: Kiyoshi Ota/Bloomberg (Getty Images) Well, that’s one way to see your investment pay off. In 2014, the largest cryptocurrency exchange in the world, Mt. Gox, suffered a notorious hack that stole 850,000 Bitcoins from the platform. Victims are finally starting to get their money back on Tuesday, nearly 10 years later. However, some are … Read more
Last month, the Internal Revenue Service announced it would delay a tax reporting law requiring third-party payment services like PayPal, Venmo, Cash App or Zelle to report earnings over $600 to the IRS. This rule applies only to income receive through payment apps and not money sent to friends and family. The tax rule was also delayed … Read more
SAVE $30: Now by way of October 12, use code UBER6jcjcqa to get $10 off every of your subsequent three supply orders on Uber Eats of $25 or extra once you pay with PayPal. Craving take-out? PayPal may help you get monetary savings in your subsequent three Uber Eats supply orders. Beginning September 6, you … Read more