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Re: Every Online Merchant Should Accept BTC
by
arousr
on 17/02/2014, 18:17:06 UTC

Coinbase and Bitpay (possibly others?) are services which enable merchants to accept Bitcoin for transactions with a fixed fiat currency value. (e.g., a $20 USD item)

Yes. This is is a great service because as a merchant, handling bitcoins can be really complicated tax-wise (depending on the country) here you have to take into account value when you got em and calculate profit/loss when you sell em then declare as you would do with stocks.  Since value is always changing that's a lot of complication for not so significant sales volume (hopefully this will increase).  When you get paid in fiat currency you just add it to your sales like a credit card sale.  However I still don't see significant sales from btc users, seems like many people keep em waiting for value to increase.