( NewsNation) — JetBlue recently announced it has become the first airline to allow travelers to pay through Venmo. The feature is currently available on the company’s website and will soon be available on the JetBlue mobile app.

Payment apps are now required to send payment information to the IRS. If you use these apps you may owe taxes this year.

The IRS currently requires any third-party payment apps like Cash App and Venmo to send a 1099-K to the IRS and individuals if they earned more than $20,000 in commercial payments

As the first airline to accept Venmo payments, JetBlue is also the first to contend with online fraud that's common with any digital marketplace.

Venmo payment options are the latest announcement in a broader effort from JetBlue to enhance its services and boost profits. The struggling low-cost carrier has searched for new revenue streams as larger airlines introduce their own budget options, increasing competition for those flyers.

JetBlue now allows U.S. customers to pay for flights using Venmo, providing a seamless option through jetblue.com, with mobile app integration coming soon. This move aims to enhance convenience for travelers, according to the airline.

JetBlue announced this week that it will now accept Venmo payments, a first for the airline industry. The new arrangement has many advantages but also a few uncertainties, especially for travelers who live for their credit card’s bonus points.

In the first-ever partnership between an airline and Venmo, U.S. customers can now pay for their JetBlue flight.

TurboTenant breaks down the risks that a rental business may face if it chooses to accept rent with Zelle, Venmo, cash, or checks.

Venmo payment options are available on JetBlue website, and will roll out on carrier's mobile app in coming months.

Zaki Farooq discusses whether businesses will be as enthusiastic as customers about the convenience of P2P payments