What is a withholding?

This typically only applies for events with $20,000+ in ticket sales.  A withholding is when Purplepass issues a settlement payment to a promoter but withhold a portion of the money.  Usually this is 5% of the total amount due.  For example, if you are due $40,000 for ticket sales, we ..Read more

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Why am I being asked for a W9?

The IRS requires us to collect a W9 from any person generate over $600 of revenue within a calendar year.  You will be responsible for all tax at the end of the year for your events.

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