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Yes, I confirmed with EVGA that for folks over a certain amount (I believe it is $600, but don’t quote me on this specific number), EVGA will require a 1099.
PayPal is also required to issue a 1099 if payments received for sale of goods or services exceeds $600 over the calendar year. Hopefully, EVGA and PayPal have this worked out so you don't receive two 1099s.
And if you cash in less than $600 hoping to avoid the 1099 but you received any other PayPal payments during the year, the combination of payments could exceed the $600 threshold and PayPal will issue a 1099.