According to IR-2022-226, December 23, 2022
The IRS announces delay in reporting thresholds for third-party organizations (TPSOs). The TPSOs will follow existing reporting rules. For more information see Notice 2023-10. The start date for reporting transactions in excess of $600 is January 1, 2023.
TPSO tax compliance will transition in an orderly manner with the new time frame. As well, it encourages individual payees to comply with income tax reporting. A participating payee, in the case of a third-party network transaction, is any person who accepts payment from a third-party settlement organization for a business transaction.