Accepting crypto as payment for your business is very beneficial. The short version of “Why you should accept crypto” hymn can also be a good read. The longer version is below.
Do you want to learn how to be paid in Bitcoin with a low risk of losing money in business? Many companies are skeptical about receiving payments in crypto, mainly because of volatility and tax issues. What’s more, the US Treasury and Internal Revenue Service (IRS) does not consider cryptocurrencies a legal tender. That said, the organization demands that businesses accepting crypto must report cyber currencies received from customers and losses or gains in such coins’ value. Also, companies receiving bitcoin payments must pay capital gain tax because of the nature of the currency. In any case, we’ll show what you need to learn about crypto payments and how to use them for your business.
Continue reading in the NOWPayments blog!
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Why use NOWPayments.io?
NOWPayments is the easiest way to accept online payments in a wide variety of cryptocurrencies. This service is custody-free, has competitive fees and is available worldwide.
- Over 50 cryptocurrencies are accepted on the platform with an in-built exchange feature;
- API, widgets, plugins and a donation button are all easy to integrate;
- It is a non-custodial service ensuring the security of your funds;
- A very simple setup
Crypto happens – accept it NOW!
