Managing the financial side of your coaching business should be secure, seamless, and stress-free. Powered by Stripe, TrainingPeaks Payments automates complex tax requirements while delivering industry-leading data security, allowing you to focus on your athletes rather than administrative paperwork.
Security and Compliance
TrainingPeaks Payments leverages Stripe’s globally recognized infrastructure to protect your financial transactions and your clients' sensitive information.
Data Encryption & Storage: All payment information is fully encrypted and processed directly by Stripe. TrainingPeaks never stores sensitive credit card or payment details on its servers.
Industry Standards: Stripe is certified to PCI-DSS Level 1—the most stringent level of security certification available in the payments industry.
Fraud Protection: If you ever suspect fraudulent or unauthorized activity, contact TrainingPeaks Support immediately to investigate and resolve the issue alongside Stripe.
Taxes and Accounting
Tax compliance is divided into two distinct responsibilities: sales tax remittance and annual income reporting.
Automated Sales Tax: As a Marketplace Facilitator, TrainingPeaks takes on the legal responsibility to calculate, collect, and remit sales tax directly to tax authorities based on the athlete's location. You do not need to register for sales tax permits or file monthly sales tax returns for revenue processed through TrainingPeaks Payments.
Income Tax (1099-K Reporting): Coaching fees collected remain taxable income. If your account meets the required gross volume and transaction thresholds, Stripe will issue a Form 1099-K. You can access your complete transaction history and tax documents through your Stripe Express dashboard.
Note: Automated tax remittance and 1099-K tracking apply exclusively to transactions processed directly through TrainingPeaks Payments. Any payments received outside the platform (such as cash, checks, or third-party apps) must be managed independently.