Payments Provider BitPay Rolls Out Cryptocurrency Payroll Service
With the launch, BitPay now provides a new alternative to crypto payroll services such as BitWage.
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The Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees, affiliates, and freelance contractors. Bitcoin and cryptocurrency payment services provider Bitpay has announced the launch of a new product called Bitpay Send. The new platform is called a mass payout service and it aims to help employers and other types of organizations pay workers in crypto. In addition to the Bitpay Send launch, the firm also....
With Bitpay Payroll Services, you now can ask your employer to pay you in Bitcoin! ATLANTA-(BUSINESS WIRE)-BitPay, the world's largest payment processor for virtual currencies, announces a beta release of their bitcoin payroll API for employers, which allows their W-2 employees to receive a portion of their net pay in bitcoin. "Since all payroll and withholding taxes are taken out first from the employee's gross income, bitcoins can be sent from the net pay tax-free, and the employer's gross income reporting to the IRS remains unchanged." The Bitcoin Payroll API is designed for employers....
BitPay, known as the world's largest digital payments processor, has announced the release of their bitcoin payment API (in beta for employers in Georgia and S. Carolina, and for licensed payroll providers in the United States), which allows employers to pay a portion of their W-2 employees' net pay in bitcoin. BitPay says the API is designed for both employers and payroll providers, and employees seeking to have a part of their pay made in bitcoin can just ask their employer, provided the employer uses the payroll API service. "For the longest time the hard question was 'How do I buy....
Payroll in Bitcoin has just reached Germany, with payment processors BitPay and PEY partnering to allow Germans to make their living in cryptocurrency. Salary to be paid in cryptocurrency. Last week, Bitcoin payment processor BitPay announced that they had begun a new partnership with PEY, a German Bitcoin payments venture. The Hanover-based company broke the announcement on their site as well, joining Canadian gaming company OPSkins and American human resources company Zuman in using BitPay’s Bitcoin payroll API. PEY will be debuting Bitcoin payroll with t3n, a technology publication,....
BitPay Send allows businesses to issue mass crypto payments around the world without having to hold any crypto themselves. Crypto payment services provider BitPay has launched BitPay Send, a new blockchain-powered mass payout platform for businesses.BitPay Send allows organizations who do not want to handle or own crypto themselves to process crypto payments en masse. It can be used to complete payroll payments, pay contractors or affiliates, or process customer cashback and rewards programs. Available in 225 countries recipients ju need to pass KYC and have a crypto wallet. BitPay claims....