Merchants that accept Bitcoin attract new customers and ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Bitcoin Chicago

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To be clear: An unfavorable ruling by the European Court of Justice regarding VAT and Bitcoin would make accepting Bitcoins for merchants in the EU around 20 % more expensive than other payment solutions.

Scenario: Carlos, a customer, buys a pizza from Mark, the merchant, and pays in Bitcoin.
First of all: The question is not, whether VAT applies to the pizza. That will definitely be the case. If I'm buying a laptop in, let's say, Germany for 1190 EUR, then 190 EUR of that (VAT in Germany is 19 %) goes to the tax man, regardless of whether I pay with euros, bitcoins or gold.
The question is, what happens to the bitcoins afterwards. The merchant now has bitcoins and will want to get rid of them at some point. Either to exchange for euros or to buy a product or service. So he is again selling a "product" (this time bitcoin, considered a commodity under current German tax law, as far as my reading of the law goes). If the product is not ruled VAT-exempt, he will have to pay another 19 % (or whatever the rate in his country is) at that point.
That's the issue.
Another question is, whether that also applies, if the merchant uses BitPay. In the worst case, BitPay could be considered as just an agent acting in the name of the merchant (their terms of use suggest something like that), thereby still putting the merchant in a position, where he - from a tax perspective - has briefly owned bitcoins and then sold them again.
In my opinion, this tax question is super critical and needs to be the top discussion right now. The Bitcoin Foundation and other Bitcoin associations (Bundesverband Bitcoin e.V. in Germany) need to closely follow the case C-264/14 Skatteverket v David Hedqvist where the European Court of Justice will decide about just that. And we need to provide resources to bring about a sensible ruling.
See http://www.bitcoin.se/2014/08/21/i-need-your-help-funding-legal-costs-in-a-case-at-the-eu-court-of-justice-related-to-bitcoin-and-vat-exemption/ and consider donating!
Edit: I should have added the disclaimer, that I'm not a lawyer and this is just my personal interpretation, which very well might be wrong. I have however been following this topic for a while, talked to various parties and read some of the laws involved.
Edit 2: Alright, a little intermediate summary of the discussion below: I'm probably mistaken about the details of case C-264/14 as rtuck99 pointed out. It seems that case will only deal with the question of whether bitcoin exchange fees are VAT-exempt. In my opinion my larger point still stands though, that the ECJ will likely decide about VAT on the bitcoins themselves at some point. Compare the UK guidelines on Bitcoin and VAT with this statement by the German Federal Ministry of Finance (in German, alternatively see this press release by Bundesverband Bitcoin e.V. in English). These two guidelines are - in my opinion - incompatible with each other. Something that ultimately the ECJ will have to resolve. Maybe that will not happen as part of case C-264/14 (but it might, as it's somewhat related, so it still seems risky to me, to let David Hedqvist fight that on his own), but it will happen eventually and we need to have our side presented well then.
Edit 3: David Hedqvist commented below that the case might indeed deal with the issue in a broader sense.
submitted by jav_rddt to Bitcoin [link] [comments]

Tech Crunch: Paypal integrating Bitcoin for Merchants - Is it time to invest in Bitcoin?

submitted by Marotta117 to investing [link] [comments]

Accept ACH -> Bitcoin for merchant

So I have a small side business and I currently have my clients pay me via ACH transfers. I do this because with quickbooks it's a flat 50c per ACH payment no matter the amount.
Anyway, Im interested in perhaps accepting these payments in bitcoin (my clients would NOT pay in bitcoin) by my customers paying via ACH like they do now and me receiving BTC.
Is there anyway to make this work? I am a complete newbie to BTC so I would like to know how can I protect my bitcoin. Is there a general comprehensive guide to knowing how to protect yourself with bitcoin?
Any help would be appreciated.
TIA
submitted by jstanaway to Bitcoin [link] [comments]

wtb bitcoin for merchant giftcards

anyone know where I can purchase giftcards for bitcoins? I heard from someone that you can get 20% off giftcards with bitcoins as tender?
Anyone know or can point me in the right direction?
Thanks
submitted by pointdude to Bitcoin [link] [comments]

Accept ACH -> Bitcoin for merchant /r/Bitcoin

Accept ACH -> Bitcoin for merchant /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

wtb bitcoin for merchant giftcards /r/Bitcoin

wtb bitcoin for merchant giftcards /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Short survey on Bitcoin for merchants

Hey Guys,
I am a high school student and I'm writing a paper in Economics on Bitcoin and the world economy.
To aid my investigation, I have created a short survey for merchants who accept Bitcoin as a means of payment.
I posted here earlier, with a survey for consumers (https://www.reddit.com/Bitcoin/comments/3yi7q3/survey_on_bitcoin_for_research_paper_in_economics/), and after receiving way more responses than I expected, I created another survey for merchants.
It will only take 5-6 minutes to answer (though I would appreciate it if you would take the time to write more thoughtful answers): https://aniruddhagarwal.typeform.com/to/nPyuQS
I hope some of you will help with the paper. I'll be happy to answer any queries in the comments down below.
Thanks,
submitted by awesomeaniruddh to Bitcoin [link] [comments]

Bitzaar.com - Bitcoins for Merchants

Pretty much a copy and paste from the forum
https://bitcointalk.org/index.php?topic=50212.0
Hello Everyone!
I know my project may be against the entire vibe of this community, but for some of you it may be useful, and for you I will pursue it!
I'd like to present the official public beta (alpha? :o) of Bitzaar!
Bitzaar aims to be an e-wallet service, but focused on merchants. We want to make it easy for merchants to accept bitcoins and conduct business with this magical currency.
At Bitzaar we'll be focusing primarily on enabling merchants to provide their services without having to worry about bitcoin clients, server security, or any of the other things associated with accepting a currency. We're going to be introducing more cart integrations in the near future, for now we just have the big one...WHMCS.
We want merchants to focus on what they do best, their products and customers!
For right now I'm only announcing a preview of the service that runs on the Bitcoin testnet. This is to close any security holes that may come up, polish features and usability, and get general feedback without you having to worry about losing any of your hard earned coins.
https://stage.bitzaar.com
Constructive ;) feedback is most appreciated!
Ideas and feature requests are more than welcome! We'll be trying to release as safely and often as we can. ;D
We're in the process of adding Dwolla for account withdrawals. This should be done by the final non-testnet release.
Queue Discussion
submitted by bitzaar to Bitcoin [link] [comments]

Interview with Tony Gallippi of Bitpay on Bitcoin for Merchants

Interview with Tony Gallippi of Bitpay on Bitcoin for Merchants submitted by David_Moskowitz to Bitcoin [link] [comments]

Bitcoin for merchants... HELP! (please;)

I have been plugging away at trying to integrate bitcoin with my shopping cart site. I would love some guidance before I waste any more time banging my n00b, HTML-challenged head against the wall. Takers?
submitted by navahoboy to Bitcoin [link] [comments]

Bitcoin for Merchants Help :)

I operate a shopping cart site using 3dcart, and I REALLY want to integrate bitcoins as an acceptable payment method. I know this must be possible despite no easy 3dcart plugin, etc., but I am a n00b and HTML challenged. I would love to learn how to do this, and any help or tutelage would be greatly appreciated. I work for an apparel printing and promo products distributor, and I'm interested in making/selling some bitcoin shirts, but first I want to officially join the ranks of merchants (we're both online and brick&mortar) accepting bitcoin! Takers?
submitted by navahoboy to Bitcoin [link] [comments]

Short survey on Bitcoin for merchants /r/Bitcoin

Short survey on Bitcoin for merchants /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Weekly - Bitcoin for Merchants, Part I

submitted by hackerkiba to Bitcoin [link] [comments]

Bitcoin Weekly - Bitcoin for Merchants, Part II

submitted by hackerkiba to Bitcoin [link] [comments]

Excited to launch our Flipstarter campaign to seek voluntary donations to accelerate the growth of Bitcoin Cash through education, community building, merchant adoption and expansion of the Chinese community. Thank you in advance for your support! 💚

Excited to launch our Flipstarter campaign to seek voluntary donations to accelerate the growth of Bitcoin Cash through education, community building, merchant adoption and expansion of the Chinese community. Thank you in advance for your support! 💚 submitted by BlockBlanc to btc [link] [comments]

Weed, Vaping, and VPN see the highest growth rate in the bitcoin merchant ecosystem for the year 2020 - data says....

When we look at bitcoin’s adoption from the e-commerce standpoint it comes as no surprise that it has seen a sharp rise. Merchants and customers alike around the world enjoy bitcoin’s borderless and control-free transactions.
Just like bitcoin, the landscape of merchants using bitcoin has changed over the years.
A study was recently conducted to analyze the bitcoin merchant data and see how the market has evolved in the past years [2017–2020], leading to some interesting finds.
#1 Web Hosting, Pharma/Health, and Cannabis take almost 75% of the entire bitcoin merchant ecosystem in 2020.
#2 Industries that have embraced bitcoin are not just selling digital products but also physical goods.
Industries such as Cannabis, Pharma/Health, Vaping have seen a rise in adoption since 2017, and the trend is only going up.
#3 Interestingly enough, Mining is the one and only industry that sees a drop in adoption.
#4 The 3 industries that saw the highest growth rate in the year 2020 compared to 2019 were Cannabis, Vaping, and VPN.
VPN saw the highest increase of 80%, followed by Vaping with 64% and finally by Cannabis with 54%.

What are your thoughts on how the bitcoin merchant market has changed?

Source: Bitcoin Market Analysis [2017-2020]
submitted by primalfabric to Bitcoin [link] [comments]

For merchants it is now 300% more expensive to accept Bitcoin than PayPal and Stripe

submitted by koscash to btc [link] [comments]

Jose Araujo of BCH Latam buys a food pack from BCH merchant Vimas Store in Caracas, Venezuela with Bitcoin Cash (hit CC for English subtitles)

Jose Araujo of BCH Latam buys a food pack from BCH merchant Vimas Store in Caracas, Venezuela with Bitcoin Cash (hit CC for English subtitles) submitted by georgedonnelly to btc [link] [comments]

Merchants Accepting Bitcoin Applauds BTC For ‘Zero Chargeback Risks'

Merchants Accepting Bitcoin Applauds BTC For ‘Zero Chargeback Risks' submitted by KarinHernandez to CryptoMarkets [link] [comments]

Please welcome Binario International, new BCH merchant in Venezuela and a top digital marketing firm. They speak English and are ready to provide Bitcoin Cash businesses with quotes for your digital marketing needs

Please welcome Binario International, new BCH merchant in Venezuela and a top digital marketing firm. They speak English and are ready to provide Bitcoin Cash businesses with quotes for your digital marketing needs submitted by georgedonnelly to btc [link] [comments]

Excited to launch our Flipstarter campaign to seek voluntary donations to accelerate the growth of Bitcoin Cash through education, community building, merchant adoption and expansion of the Chinese community. Thank you in advance for your support! 💚 (Crossposted)

Excited to launch our Flipstarter campaign to seek voluntary donations to accelerate the growth of Bitcoin Cash through education, community building, merchant adoption and expansion of the Chinese community. Thank you in advance for your support! 💚 (Crossposted) submitted by MobTwo to Bitcoincash [link] [comments]

BREAKING: MasterCard has officially expanded its Cryptocurrency Card Partner Program! This makes it easier for consumers and merchants to hold and use bitcoin in their business.

BREAKING: MasterCard has officially expanded its Cryptocurrency Card Partner Program! This makes it easier for consumers and merchants to hold and use bitcoin in their business. submitted by au785 to Bitcoin [link] [comments]

How to Accept Bitcoin for Small Business - Easiest Merchant POS Coinify Bitcoin Merchant Sign up Flow - YouTube How To Accept Bitcoin as a Merchant - feat. Bitpay ... How to Sign Up for a BitPay Merchant Account - YouTube Bitcoin Cash Merchants Near You

Merchants that accept Bitcoin attract new customers and sales, study shows Wednesday 30 September 2020 11:37 CET News The study was conducted by Forrester Consulting and it is based on interviews with four merc hants that accept Bitcoin and other cryptos. Bitcoin of America Launches Bitcoin Tablets for Merchants. March 18th, 2019. As the Financial Technology Industry grows, industry players are having to think outside the box to entice clients who want to buy Bitcoin. This includes offering the most convenient modes of operation and user interphase. The key element has been eased automation of ... How Bitcoin Can Harm Merchants. Although Bitcoins are not susceptible to friendly fraud, by far the fastest-growing form of internet fraud, they still present other risks and hassles to merchants.The greatest of these threats is the value of Bitcoins themselves. Bitcoins are what can be considered a “speculator’s currency.” Bitcoin Cash payments are received in seconds, ready for you to save, spend, or convert into your local currency. Accepting Bitcoin Cash payments online. Outdo your online competition by giving your customers a better way to pay. Learn More. Accepting Bitcoin Cash payments in-store. Frankly bitcoin is the biggest risk “investment” vehicle money can buy. The store of value is almost non existent given the almost constant manipulation of the digital medium. Stores would be foolish to accept bitcoin as the value could collapse sizably at any time. My advice; stay clear and buy a real tangible asset like real estate or silver.

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How to Accept Bitcoin for Small Business - Easiest Merchant POS

Today I look at the simple process of getting set up to accept Bitcoin at your brick & mortar store using Bitpay as a payment processor. Tip address: 14rc4e5... https://drive.google.com/file/d/14np6XuadDlYm4am_UUoIGhbxvFs_poJN/view?usp=sharing 👔 Save for the Future ️ ️ ️ https://bitcoinadoption.institute/saving-acco... Bitcoin for Merchants: Lesson 1 - Why Accept Bitcoin - Duration: 7:02. Coin Academy 1,261 views. 7:02. Beginner Swing Trading with the TTM Squeeze - Duration: 21:36. In this video, I discuss all of the basics of Bitcoin that a beginner should know. I talk about my price targets for Bitcoin over the next 8 years, which are... GoCoin is a boutique payment processor for Bitcoin, Litecoin, and Dogecoin. We work with thousands of merchants of every size. We will help you with all your...

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