Now, not only can you get paid on Maroo — but you can also pay businesses or freelancers on it. The B2B payment platform keeps money-in and money-out records in one place, with contractor payments connected to W-9 and 1099 reporting.
Pay A Business Using Maroo
We know that as a business in the weddings and event industry, your business is multi-faceted. You need a payment platform that allows you to get paid easily, but also has the capabilities to pay other businesses, freelancers or independent contractors. Which is why we’re very excited about the launch of our new B2B payments portal.
Paying a business will look and feel similar to sending a payment request to clients. Simply include the details of your payment, including new fields such as invoice number or memo to business.
Next, select how you’d like to pay the recipient (Bank transfer, credit or debit card).
An added feature for Paying A Business, includes scheduling out when the payment is withdrawn from your account. Want to be sure that your cash flow is kept in order? The scheduling tool is an ideal way to make sure the payment is withdrawn when it works best for you, whether it is months, weeks, or even days before the due date.
Once a business accepts your payment request, the payment is processed to their connected bank account.
Planning for 1099-NEC filing? Maroo Reporting lets you review contractor payment totals, track W-9 status, and file eligible 1099-NEC forms through the same platform. Use Maroo's W-9 and 1099-NEC reporting guide to review the current steps, and confirm your requirements with a qualified tax professional.
Check out Pay A Business in your dashboard to send your first payment!
