Independent Contractor Update: Paypal!
Published Friday, May 29, 2020 1:00 pm
WE LISTENED TO YOUR FEEDBACK
Effective June 1, 2020, our Independent Contractor Disbursement Policy is changing. All assignments completed on or after June1st will only disbursed through a PayPal account. This will be our sole method of disbursement and therefore we will no longer provide the option of a paper check or direct deposit.
As you are aware, we survey Independent Contractors on a regular basis to gather feedback on various issues. Providing PayPal as our payment process has consistently been requested. By making this switch we will:
- Require less personal information
- Simplify the disbursement process for Independent Contractors and Alta360 Research
- Give Independent Contractors more options on what to do with their money and what bank accounts are linked to their PayPal account
- Eliminate the need for Alta360 Research to provide a 1099 to each Independent Contractor who receives more than $600 per year in fees. PayPal will be responsible for providing Independent Contractors with a 1099-K, if required.
We are happy to make this change, so keep a look-out for future feedback surveys from Alta360 Research.
Remember to check for opportunities often. Stay positive. Stay healthy.