If you use payment apps like Venmo, Cash App or PayPal for more than just splitting a bill, there could be some important documents coming your way this tax season.

Digital payment apps like Zelle, Venmo, Cash App and PayPal make sending money to others a breeze. Scammers know this, which is why they often ask victims to use them.

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.

Cash App has one of the simplest, most effective interfaces we've seen in a mobile payment app. It's just a big numeric keypad with buttons at the bottom for requesting and sending money. Up top, you'll see account details (a head-and-shoulders icon) and transaction history (a clock). When the transaction is complete, you can view a web receipt.

If you received a total of $5,000 or more through a payment app in 2024, that company is now required to report that amount to you — and to the IRS.

Facing competitors like Cash App, Zelle, and Apple Pay, PayPal is focused on expanding Venmo’s role in digital commerce.