BitPay Partners with Libra to Simplify Bitcoin Taxes for Merchants
Bitcoin payment processing company BitPay recently announced alliance with Libra Tax in the wake of the upcoming tax reporting session in the US. The deal enables BitPay to forward Libra's Bitcoin tax account service to its merchants, which include major companies like Microsoft and Overstock that started accepting the digital currency back in 2014. As per the IRS ruling on virtual currencies that came into effect the same year, the businesses and individuals were made liable to treat their Bitcoin profits/losses like a usual stock or bond. This means that each and every of their....
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Staying on the right side of the taxman just got a bit easier for businesses dealing with bitcoin and other digital currencies. On Tuesday, Libra, makers of LibraTax accounting service, introduced two new products in their suite of tax-reporting services. They also announced a new partnership with Bitpay, the world's largest bitcoin payment processor, designed to help merchants stay on top of their bitcoin-related payment transactions. Libra Business and Libra Pro. LibraTax has been offering tax-reporting solutions and helping to educate accountants and tax professionals with digital....
BitPay Inc, one of Bitcoin's lead payment processing companies, has just announced that it has surpassed 10,000 merchants. BitPay now provides services to merchants in 164 countries with approximately 50% in North America, 25% in Europe, and 25% in the rest of the World. During the month of August, BitPay processed over 10,000 transactions reaching a total value of over $6.4 million. As Bitcoin is becoming more mainstream many merchants are looking for expedient ways to sell products for BTC and BitPay is on the radar. With a Year-to-date in 2013 of over $34 million worth of bitcoins, a....
Atlanta, Georgia-based bitcoin is taking a huge step forward in making it easy for merchants to sign up with their payment processing service. Today, the company has announced a new pricing plan, or we should probably say the lack thereof. BitPay's going partially free. Basic payment processing will cost merchants nothing, no matter how many transactions they handle. And this isn't a one-time/limited-time promotion. BitPay says it's the model they're going with from now on. By doing so, BitPay is effectively obliterating the barrier to entry for new merchants. They currently offer....
Coinsecure, the Indian bitcoin exchange has announced its partnership with BitPay along with the list of companies availing the merchant payment gateway services. Coinsecure, one of the leading Bitcoin and Blockchain company in India today announced that it is partnering with BitPay. As a part of this partnership, the San Francisco-based company will offer bitcoin payment processing services to the Indian merchants. By using Coinsecure’s payment gateway, merchants in India will be able to accept payments from their customers in bitcoin, and receive the payout in Indian rupee, without....
BitPay has now helped over 10,000 merchants across the world accept payments in bitcoin. The company, which was founded in 2011, only approved its 1,000th company this time last year, so it has experienced a huge surge in business over the past 12 months. Of the merchants that use BitPay, some 50% are located in North America and 25% are in Europe. Over 90% of the merchants using the payment service provider are ecommerce businesses, and BitPay also counts blogging platform WordPress among its clients. Tony Gallippi, co-founder and CEO of BitPay, said: "Our largest merchants are selling....