Integration enables businesses to streamline 1099/1042 filing, W-8/W-9 collection, and TIN matching through MassPay’s global payout platform. MassPay, a leadingIntegration enables businesses to streamline 1099/1042 filing, W-8/W-9 collection, and TIN matching through MassPay’s global payout platform. MassPay, a leading

MassPay Partners with TaxBandits to Deliver Enterprise-Grade Tax Compliance

3 min read

Integration enables businesses to streamline 1099/1042 filing, W-8/W-9 collection, and TIN matching through MassPay’s global payout platform.

MassPay, a leading global payout orchestration platform, announced a strategic partnership with TaxBandits to integrate comprehensive tax compliance services directly into its platform. The integration enables MassPay customers to offer automated 1099 and 1042 form management, W-8/W-9 collection, and IRS TIN matching to their users.

Read More on Fintech : Global Fintech Interview with Kristin Kanders, Head of Marketing & Engagement, Plynk App

For businesses managing contractor payments across MassPay’s 180+ country network, tax compliance has historically required separate systems, manual processes, and significant administrative overhead. However, with the TaxBandits’ application programming interface (API) integration, it eliminates this friction by embedding enterprise-grade tax preparation capabilities directly into the payout workflow businesses already use.

“Tax compliance shouldn’t be an afterthought in the payout process. It should be built in,” said Naga Palanisamy, President & CEO of TaxBandits. “Through our API integration with MassPay, we connect payouts and tax reporting into one workflow, helping MassPay’s business stay compliant while providing them with accurate forms and on time processing. This approach reflects our commitment to making filing compliant, simple and reliable for everyone.

The partnership delivers three core compliance capabilities:

Automated 1099 & 1042 Form Management – Businesses can offer automated generation, distribution, and filing of 1099 and 1042 forms for all contractors, supporting accuracy and deadline compliance without manual intervention.

Streamlined W-8/W-9 Collection – The API integration provides seamless collection of W-8 forms for international contractors and W-9 forms for U.S. workers through a centralized platform, reducing the administrative burden of document gathering.

Real-Time TIN Matching – Businesses gain access to real-time verification of Taxpayer Identification Numbers against IRS databases, helping prevent backup withholding and filing errors before they occur.

“Businesses shouldn’t need three different platforms to pay contractors, verify their tax information, and file compliance documents,” said Ran Grushkowsky, CEO of MassPay. “By integrating TaxBandits into our orchestration platform, we’re giving marketplaces, gig platforms, and international businesses a complete payout-to-compliance solution. There’s no longer an economic reason to manage this manually or risk non-compliance.”

The integration is particularly valuable for marketplaces, creator platforms, direct sales organizations, and businesses with distributed contractor networks who face increasing complexity in managing tax obligations across multiple jurisdictions. With transparent pricing and no hidden fees, the solution scales efficiently as businesses grow their contractor base.

MassPay customers can begin accessing TaxBandits’ tax compliance services immediately through their existing MassPay integration. The partnership represents another expansion of MassPay’s platform capabilities, following recent integrations with Visa Direct for instant card payouts and Plasma for stablecoin settlements.

Catch more Fintech Insights : When DeFi Protocols Become Self-Evolving Organisms

[To share your insights with us, please write to psen@itechseries.com ]

The post MassPay Partners with TaxBandits to Deliver Enterprise-Grade Tax Compliance appeared first on GlobalFinTechSeries.

Market Opportunity
Wormhole Logo
Wormhole Price(W)
$0.02299
$0.02299$0.02299
-0.04%
USD
Wormhole (W) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders

Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders

BitcoinWorld Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders The dynamic world of decentralized finance (DeFi) is constantly evolving, bringing forth new opportunities and innovations. A significant development is currently unfolding at Curve Finance, a leading decentralized exchange (DEX). Its founder, Michael Egorov, has put forth an exciting proposal designed to offer a more direct path for token holders to earn revenue. This initiative, centered around a new Curve Finance revenue sharing model, aims to bolster the value for those actively participating in the protocol’s governance. What is the “Yield Basis” Proposal and How Does it Work? At the core of this forward-thinking initiative is a new protocol dubbed Yield Basis. Michael Egorov introduced this concept on the CurveDAO governance forum, outlining a mechanism to distribute sustainable profits directly to CRV holders. Specifically, it targets those who stake their CRV tokens to gain veCRV, which are essential for governance participation within the Curve ecosystem. Let’s break down the initial steps of this innovative proposal: crvUSD Issuance: Before the Yield Basis protocol goes live, $60 million in crvUSD will be issued. Strategic Fund Allocation: The funds generated from the sale of these crvUSD tokens will be strategically deployed into three distinct Bitcoin-based liquidity pools: WBTC, cbBTC, and tBTC. Pool Capping: To ensure balanced risk and diversified exposure, each of these pools will be capped at $10 million. This carefully designed structure aims to establish a robust and consistent income stream, forming the bedrock of a sustainable Curve Finance revenue sharing mechanism. Why is This Curve Finance Revenue Sharing Significant for CRV Holders? This proposal marks a pivotal moment for CRV holders, particularly those dedicated to the long-term health and governance of Curve Finance. Historically, generating revenue for token holders in the DeFi space can often be complex. The Yield Basis proposal simplifies this by offering a more direct and transparent pathway to earnings. By staking CRV for veCRV, holders are not merely engaging in governance; they are now directly positioned to benefit from the protocol’s overall success. The significance of this development is multifaceted: Direct Profit Distribution: veCRV holders are set to receive a substantial share of the profits generated by the Yield Basis protocol. Incentivized Governance: This direct financial incentive encourages more users to stake their CRV, which in turn strengthens the protocol’s decentralized governance structure. Enhanced Value Proposition: The promise of sustainable revenue sharing could significantly boost the inherent value of holding and staking CRV tokens. Ultimately, this move underscores Curve Finance’s dedication to rewarding its committed community and ensuring the long-term vitality of its ecosystem through effective Curve Finance revenue sharing. Understanding the Mechanics: Profit Distribution and Ecosystem Support The distribution model for Yield Basis has been thoughtfully crafted to strike a balance between rewarding veCRV holders and supporting the wider Curve ecosystem. Under the terms of the proposal, a substantial portion of the value generated by Yield Basis will flow back to those who contribute to the protocol’s governance. Returns for veCRV Holders: A significant share, specifically between 35% and 65% of the value generated by Yield Basis, will be distributed to veCRV holders. This flexible range allows for dynamic adjustments based on market conditions and the protocol’s performance. Ecosystem Reserve: Crucially, 25% of the Yield Basis tokens will be reserved exclusively for the Curve ecosystem. This allocation can be utilized for various strategic purposes, such as funding ongoing development, issuing grants, or further incentivizing liquidity providers. This ensures the continuous growth and innovation of the platform. The proposal is currently undergoing a democratic vote on the CurveDAO governance forum, giving the community a direct voice in shaping the future of Curve Finance revenue sharing. The voting period is scheduled to conclude on September 24th. What’s Next for Curve Finance and CRV Holders? The proposed Yield Basis protocol represents a pioneering approach to sustainable revenue generation and community incentivization within the DeFi landscape. If approved by the community, this Curve Finance revenue sharing model has the potential to establish a new benchmark for how decentralized exchanges reward their most dedicated participants. It aims to foster a more robust and engaged community by directly linking governance participation with tangible financial benefits. This strategic move by Michael Egorov and the Curve Finance team highlights a strong commitment to innovation and strengthening the decentralized nature of the protocol. For CRV holders, a thorough understanding of this proposal is crucial for making informed decisions regarding their staking strategies and overall engagement with one of DeFi’s foundational platforms. FAQs about Curve Finance Revenue Sharing Q1: What is the main goal of the Yield Basis proposal? A1: The primary goal is to establish a more direct and sustainable way for CRV token holders who stake their tokens (receiving veCRV) to earn revenue from the Curve Finance protocol. Q2: How will funds be generated for the Yield Basis protocol? A2: Initially, $60 million in crvUSD will be issued and sold. The funds from this sale will then be allocated to three Bitcoin-based pools (WBTC, cbBTC, and tBTC), with each pool capped at $10 million, to generate profits. Q3: Who benefits from the Yield Basis revenue sharing? A3: The proposal states that between 35% and 65% of the value generated by Yield Basis will be returned to veCRV holders, who are CRV stakers participating in governance. Q4: What is the purpose of the 25% reserve for the Curve ecosystem? A4: This 25% reserve of Yield Basis tokens is intended to support the broader Curve ecosystem, potentially funding development, grants, or other initiatives that contribute to the platform’s growth and sustainability. Q5: When is the vote on the Yield Basis proposal? A5: A vote on the proposal is currently underway on the CurveDAO governance forum and is scheduled to run until September 24th. If you found this article insightful and valuable, please consider sharing it with your friends, colleagues, and followers on social media! Your support helps us continue to deliver important DeFi insights and analysis to a wider audience. To learn more about the latest DeFi market trends, explore our article on key developments shaping decentralized finance institutional adoption. This post Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 00:35
Best Crypto To Buy Now: Pepeto vs BlockDAG, Layer Brett, Remittix, Little Pepe, Compared

Best Crypto To Buy Now: Pepeto vs BlockDAG, Layer Brett, Remittix, Little Pepe, Compared

Today we compare Pepeto (PEPETO), BlockDAG, Layer Brett, Remittix, Little Pepe (and how they stack up today) by the main […] The post Best Crypto To Buy Now: Pepeto vs BlockDAG, Layer Brett, Remittix, Little Pepe, Compared appeared first on Coindoo.
Share
Coindoo2025/09/18 02:39
Solana Price Plummets: SOL Crashes Below $90 in Stunning Market Reversal

Solana Price Plummets: SOL Crashes Below $90 in Stunning Market Reversal

BitcoinWorld Solana Price Plummets: SOL Crashes Below $90 in Stunning Market Reversal In a dramatic shift for one of cryptocurrency’s leading networks, Solana (
Share
bitcoinworld2026/02/05 06:45