Who is a payee in Form 1099-K?

In Form 1099-K, the payee refers to the individual who accepts the payment from the Payment Settlement Entity (PSE) or an Electronic Payment Facilitator on behalf of the purchaser or customer. The payee can be any person, including governmental units or any agent, receiving payments through payment cards, such as credit cards or debit cards. It also includes any person accepting payments from a Third-Party Settlement Organization (TPSO).