US tax form filing obligations

Learn more about the general 1099-K filing requirements for merchants based in the U.S. here.

Under payment for platforms, Airwallex will issue and file 1099-Ks for the following merchants whom we directly settle funds to:

• Platforms under the “Collect payments directly” model
• Connected accounts under “Collect payments on behalf of connected accounts” model

Platforms operating under the “Collect payments directly” model are responsible for filing the 1099-Ks for their connected accounts based in the U.S. If you are unfamiliar with this requirement and the filing process, we recommend that you consult a tax advisor.