How is the “gross amount” defined on the 1099-K?

Gross amount is defined as the total dollar amount of aggregated transactions in which a payment card is accepted as payment for each merchant without regard to any adjustments for credits, cash equivalents, discount amounts, fees, refunded amounts, or any other amounts.

In other words, the “gross amount” contains all amounts YapStone processed for you and does not exclude any refunds, fees, or other adjustments.


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