How does sales tax and income taxes work?

Currently PayStand does not get involved with the calculation of sales tax. The rules that govern it currently vary from state to state. We are investigating additional support but in the mean-time you should should determine if sales tax is applicable and include it in the price of the item.

For income tax, our bank-end payment processor will provides Form 1099K in certain situations - typically for accounts who exceed 200 transactions and $20,000 in transaction volume in one year.

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