When paying an Associate referral to a Canadian MC, first contact the MCA at the MC in Canada and request their (BIN) – The Business Identification Number – the 9 digit number issued to the MC by Tax and Revenue Administration. You will need this number to enter into your WinMORE system through Add Outside Brokers.
When the transaction is complete, pay the referral in US dollars to the Canadian MC and attach a referral form or a print out of the DA. Please be sure to include the associate's name who is to receive the referral payment. The Canadian MC will take the payment to the bank and convert the amount into Canadian currency.
It is not required to send a 1099 to a Canadian MC at the end of the year. Information on Canadian MC can be found on www.kwcanada.com or by emailing a request to email@example.com