Bitwage has been operating for some years and as a company, it does know whether or not it is a third party settlement organization (TPSO as determined by U.S. IRS).
The question that I, and I am sure other potential user have for Bitwage staff, is:
Is Bitwage a Third Party Settlement Organization?
Please answer (Yes / No).
If the answer is yes, please also answer the following question (which is not relevant if the answer to the initial question is “no”).
A TPSO is required to report payments made to a merchant on a Form 1099-K, Payment Card and Third Party Network Transactions, if, for the calendar year, both (1) the number of transactions settled for the merchant exceeds 200, and (2) the gross amount of payments made to the merchant exceeds $20,000.
Does Bitwage have a means for individual users to track when they are approaching the 200 transaction / $20,000 gross payment amount threshold, so that
individual user(s) can decide if they wish to continue accepting payments / completing transactions beyond that threshold via Bitwage? (Yes / No)