Who is an Electronic Payment Facilitator?
141 views | Last modified 6/23/2020 9:52:36 AM EST | Added by TaxBandits Team

Applicable To
94X 1099 W-2 ACA W-4

An Electronic Payment Facilitator is the one that offers payment services for merchants who want to process the payments online. Regardless of your business size, get your own merchant account with banks or other payment service providers with access to the payment services or systems. Once you get it, request a payment transaction through your authorized account, and they will complete the transaction in a matter of minutes. Moreover, it is the easiest and convenient method to pay the payee with the utmost security.
 
Some of the examples are Amazon, PayPal, Stripe, Due, and so on.

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