Filou on Nostr: I already shilled them btcpay 😆 hollylanechocolate can’t help with tax stuff but ...
I already shilled them btcpay 😆
hollylanechocolate (npub1qdw…snsp) can’t help with tax stuff but feel free to dm if you need some tips or help getting set up accepting Bitcoin directly!
Re cash flow: since it looks like you’d be accepting both usd and Bitcoin my advice would be to hold any Bitcoin earned from sales in sats as reserve. Any sales made in usd can be used to pay bills, suppliers, etc.
Personally I would stay away from Coinbase commerce. I understand the convenience factor, but you lose custody of any Bitcoin collected and also lose a hefty percentage in fees to their platform. No different than dealing with a credit card processor.
hollylanechocolate (npub1qdw…snsp) can’t help with tax stuff but feel free to dm if you need some tips or help getting set up accepting Bitcoin directly!
Re cash flow: since it looks like you’d be accepting both usd and Bitcoin my advice would be to hold any Bitcoin earned from sales in sats as reserve. Any sales made in usd can be used to pay bills, suppliers, etc.
Personally I would stay away from Coinbase commerce. I understand the convenience factor, but you lose custody of any Bitcoin collected and also lose a hefty percentage in fees to their platform. No different than dealing with a credit card processor.