Crypto (directly) and fiat payments, for a shop

[Poem]

* UK Ltd, non resident
* Non resident of US, EU and other 1st worlds countries either
* Several online shops. Not a Shopify, not WooCommerce, but my own engine ( he-he-he ), so it's not about Shopify payments.

How would I process *both* fiat and crypto- payments in a store?

Crypto-payments would be processed directly, with no third-party involved, whereas ones in fiat, of course, via Stripe or something like that.

If I put my UK company name onto a store or all of my stores, into "privacy policy" and "about", will I have any problems in regards to taxes when a customer pays in crypto? For it'll be direct payments and, of course, there'll be no bank involved in it. I figure I won't be able to issue an invoice either.

Or should I better use **either** of these options:

* only fiat payments and put a company name onto a store; all will be in a proper, legal manner
* only crypto-payments, no mention of the company name anywhere;

?

 

[VESTANON]

Poem said:
* UK Ltd, non resident
* Non resident of US, EU and other 1st worlds countries either
* Several online shops. Not a Shopify, not WooCommerce, but my own engine ( he-he-he ), so it's not about Shopify payments.

How would I process *both* fiat and crypto- payments in a store?

Crypto-payments would be processed directly, with no third-party involved, whereas ones in fiat, of course, via Stripe or something like that.

If I put my UK company name onto a store or all of my stores, into "privacy policy" and "about", will I have any problems in regards to taxes when a customer pays in crypto? For it'll be direct payments and, of course, there'll be no bank involved in it. I figure I won't be able to issue an invoice either.

Or should I better use **either** of these options:

* only fiat payments and put a company name onto a store; all will be in a proper, legal manner
* only crypto-payments, no mention of the company name anywhere;

?
Click to expand...

@OP for incoming Crypto and banking, setup an API from an emi on your website, were clients get redirected to, the EMI should readily cater to Crypto and Fiats incoming and outcoming..(do some research inline with the above info) and your sure to get some ideas..

Alternatively set up corporate/business banking acct thats in the same name as company..

IMHO having both options would cater to client choices rather than leaning towards Either/Or..cig-:,

Toggle signature

HighRisk P2P Card To Crypto Setups
ӢFiat->CryptoӢVerified EmiӢVcc Cards
ӢBank AcctsӢDebit CardsӢCrypto Emis
ӢCard To Crypto Cashouts
:[email protected] 😎​

 

[Poem]

VESTANON said:
@OP for incoming Crypto and banking, setup an API from an emi on your website, were clients get redirected to, the EMI should readily cater to Crypto and Fiats incoming and outcoming..(do some research inline with the above info) and your sure to get some ideas..
Click to expand...

What does that have to do with my question?
I said - crypto-payments are handled DIRECTLY, with no third-party. It's a condition.

VESTANON said:
Alternatively set up corporate/business banking acct thats in the same name as company..
Click to expand...

Who's company name could I set it up with if not mine?

 

[Poem]

I said - crypto-payments are handled DIRECTLY, with no third-party. It's a condition.
Click to expand...

Meaning, I've already implemented it and am not looking for a third-party provider. And I want to continue to process them, the crypto-payments, on my own as well.

 

[CaptK]

Pundi X, been using them for 3 months now works well

 

[Poem]

CaptK said:
Pundi X, been using them for 3 months now works well
Click to expand...

What question have you answered?

 

[CaptK]

Poem said:
What question have you answered?
Click to expand...

This one

Poem said:
Meaning, I've already implemented it and am not looking for a third-party provider. And I want to continue to process them, the crypto-payments, on my own as well.
Click to expand...

https://pundix.com/

 

[Poem]

Right. Why do suggest that I use a third-party for crypto-payments then?

 

[Marser]

Poem said:
* UK Ltd, non resident
* Non resident of US, EU and other 1st worlds countries either
* Several online shops. Not a Shopify, not WooCommerce, but my own engine ( he-he-he ), so it's not about Shopify payments.

How would I process *both* fiat and crypto- payments in a store?

Crypto-payments would be processed directly, with no third-party involved, whereas ones in fiat, of course, via Stripe or something like that.

If I put my UK company name onto a store or all of my stores, into "privacy policy" and "about", will I have any problems in regards to taxes when a customer pays in crypto? For it'll be direct payments and, of course, there'll be no bank involved in it. I figure I won't be able to issue an invoice either.

Or should I better use **either** of these options:

* only fiat payments and put a company name onto a store; all will be in a proper, legal manner
* only crypto-payments, no mention of the company name anywhere;

?
Click to expand...

You are not mentioning what would happen to the crypto payments after they are received by the company.

I would suggest definitely not mixing the two approaches, you do it one way or the other. Always better the legal way, which can of course accept crypto payments too - so long as they are accounted for.

 

[Poem]

Marser said:
You are not mentioning what would happen to the crypto payments after they are received by the company.
Click to expand...

I don't understand - you've never used bitcoin or ethereum? The company won't receive crypto because there's no intermediary, such as a bank or EMI, to receive it. Crypto goes straight to a crypto-address

"Definitely don't mix, better not mix..." - explain why.