Bitpay Launches New Payroll Service for Companies That Opt to Pay Employees i...
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....
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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....
Just several days ago we brought you news of a new service called Paybits. Paybits effectively allows employees to control how much of their paycheck gets converted to bitcoin, but yet another company is coming on the scene to help out with bitcoin payroll. Dubbed Bitwage, the company took to social sharing website Reddit.com to submit their press release. What they are offering is a service that serves as "the first formal bitcoin payroll service." As of today, the payroll service has launched in the form of a private alpha, and the company says this alpha has been designed for smaller....
What's the easiest way to get bitcoins into your wallet? Answer: Get paid in bitcoin. BitPay, the world's largest digital currency payment processor, now lets employees do that with the beta release of its Bitcoin Payroll API for employers. "For the longest time the hard question was 'How do I buy bitcoin?'" said Tony Gallippi, co-founder and CEO of BitPay. "Now the answer is easy: 'Ask your employer.'". American W-2 employees (see below) can elect to have all, or part, of their salary paid in bitcoin for every pay period. It works as a 'net payroll deduction', meaning taxes and garnishes....
Companies in the United States can now automatically pay their employees in bitcoin. Wagepoint, the Canadian payroll service that works with companies to facilitate paying employee paychecks in bitcoin, announced Monday that they have expanded their bitcoin payroll services to the United States and can accommodate small and medium-sized businesses in all 50 states. The magic is done through the Wagepoint online app, which can "handle direct deposits, government remittances / reporting and all year-end reporting for both salaried and hourly employees. Shrad Rao, CEO of Wagepoint, told CCN....