GETI will be required to validate and report Check/ACH/Gift payment transactions for your merchants under IRS Rule 6050W.

GETI will be charging a $10 per month fee to merchants who have invalid TIN information on file, beginning February 1st (until information has been received and validated). Refunds can be issued on a case-by-case basis. This fee is non-commissionable.

Merchants that have not processed in 2011 will be exempt from this fee.

You can review a list of your affected merchants on the ISO online reporting site. The report is named Locations with Invalid TINs. This report is available to authorized points of contact within your organization.

A notice will be mailed to affected merchants no later than Jan 12th.

Click here to view a copy of the letter..