We’re your W9 factory
W9 forms can be a monumental task. If you’re US-based, these forms help you know who you’re paying and the tax implications. But before W9 bends your brain, Payoneer has a scalable solution to help you stay compliant.
Tick off your to-do list
Payoneer’s full tax stack does the work of multiple vendors. Our unrivalled integration at scale gives you access to more than 2,000 marketplaces across 70 currencies and 190+ countries and territories. Last year alone we managed over 160,000 tax forms – we get tax, and you can get it all done through one vendor.
W9 v. W8 tax forms
While W9 forms are for US-based citizens and organizations, W8 tax forms provide proof of foreign country status. So, if an organization does business within the US, but is primarily based in another country, W8 forms are used to calculate how much tax the US-based company should hold from non-US suppliers.
Automate your tax workflows
It’s like automation was made for tax forms. Why do W9 forms yourself – or engage multiple vendors – when Payoneer shoulders the burden of form collection, reporting, and filing? Our self-service platform reduces completion errors and gets the right thing done at the right time. Plus, our workflows integrate with your existing systems through APIs and our IPCN (Instant Notification Completion Process).
Why choose Payoneer for W9
The W-9 is a pillar of the US tax system that Payoneer can manage and ensure your business stays compliant. W9 forms verify identities and tax liabilities. The IRS won’t accept ifs and buts – a missing Form W9 or incorrect information results in a 24% withholding tax on future earnings. Plus, there are penalties and fees for failing to provide correct information. Let Payoneer de-risk W9 for you.
Managing your W9 tax forms
We’ll handle everything to do with W9 forms through to filing with the IRS. Our automated, integrated, and powerful solution streamlines all your tax form submissions. And we guarantee completion by effortlessly guiding anyone who receives compensation as a non-employee of your business through every step.
End-to-end service
Payoneer ensures accurate data that’s efficiently collected for every W9 form. And we don’t just handle W9 forms – our service also extends to W-8BEN-E, W-8ECI, 1099 MISC, 1099 MEC, and 1099k.
The work of many
Payoneer does the work of multiple vendors by automating collection, like triggering events when forms need submitting and tracking progress. We also archive forms for IRS auditing.
Un-complicating tax
Guided and automated self-service simplifies each step in the process from collection to TIN matching and filing. We help payees understand and complete forms – accurately and efficiently.
Global compliance
In 190+ countries and territories and 70 currencies – wherever your business reaches our fully compliant, secure, and audited platform is recognized and valued by financial regulators around the world.
What could W9 cost you?
Tax administration hits your bottom line – but it could cost your reputation dearly if you get it wrong. At Payoneer, we’re adept at cost-effective tax management that keeps you compliant and frees you up to grow your business. That’s why brand leaders from Airbnb to Amazon already rely on our tax services.
Frequently asked questions
Want to know more about our tax services? Read these frequently asked questions.
A tax wizard questionnaire offers guidance for payees to choose and complete relevant forms. However, we do not and cannot offer specific advice about what information to include in any form. Please seek professional advice where necessary.
Payoneer’s tax services solution is one of the most comprehensive on the market. Our solution removes the burden, time, and cost of manual form filling. It also provides accurate withholding calculations for every payee. And it enables you to help your payees to be compliant with IRS regulations throughout the financial year.
Put simply, W9 forms are for US-based citizens and organizations, while W8 tax forms provide proof of foreign country status. So, if an organization does business within the US, but is primarily based in another country, W8 forms are used to calculate how much tax the US-based company should hold from non-US suppliers.