Quote:
Originally Posted by Barry-xlovecam
Well, you won't have much tax liabilit
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Not true. This is income, and taxable like all your other income. Sure you can hide it but if you get caught, prepare to pay and pay and pay.
Plus, your models or other suppliers may not accept Crypto Currency so you will have to go through the headache of converting it into USD.
Don't think that the government is not paying attention either. If you decide to drop some BTC into your personal or business bank account, you will have to explain it at your next audit.
CC's great and yes everyone should be looking for ways to use it, but know the risks. The value changes every minute. Integration can be tricky, etc.
You also have to have the market. How many of your users would rather pay in CC for your services to make integration and management worth it?
Good thread btw.