Venmo Paypal Zelle Transactions Over $600 2025. 1, mobile payment apps like venmo, paypal, zelle and cash app are required to report commercial transactions totaling more than $600 a year to the irs. The agency on tuesday posted an explainer warning american business owners earning $600 or more per year on payments that are received through apps such as cash.

The digital platforms can be paypal, venmo, cash app, fiver, upwork, zelle, etc. The irs recently announced that it would delay the $600 reporting threshold on platforms like paypal, ebay, etsy, venmo, and cash app until 2025.