Bitcoin Payments for US based and other Affiliates
How many affiliates now would (hypothetically) want payments from Sponsors made to their Bitcoin wallets?
Is this a viable option? |
I would love it.
I think the problems might effect the sponsor too much though. 1. Fraud 2. Tax time. How do you report on a 10-99? |
W1099 -- the money the Bitcoin was worth at the time of transfer -- for tax purposes it's a barter commodity.
There is no fraud. The sponsor pays to the Bitcoin wallet number the affiliate supplies -- it's a peer to peer transaction. The sender's wallet records the wallet ID the payment was sent to --right? |
Wouldn't you wanna buy them when they are low instead with the money you have made?
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Bitcoin is a payment currency not an investment. Payment amounts as based on a real currency -- dollars or euros. You just buy Bitcoin as you need them as far as I am concerned as a payor. My customers rarely buy with Bitcoin.
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Maybe a wallet that the sponsor controls could be on hold for 1 month before bitcoin payments are made. |
I would not. If you paid me yesterday and I didn't want to spend it until today I just lost a quarter of my payment.
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------------- The response to this thread has been very light -- some affiliates are at Internext that may be part of the reason but the pump-and-dump nature of Bitcoin payout values is a real issue. More hypothetically; to do with the new Trump administration's threat to start needless harassment of people in the adult industry. Bitcoin offers anonymity. Still remembering the porn mini-pogrom of GW Bush and AG Gonzo against the Adult Industry -- this might be a good way to tell AG Sessions where not to go. It's not money laundering if you pay the taxes on the income and any gain or loss. :2 cents: NOT LEGAL ADVICE TO US CITIZENS |
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This is a concern for other forms of payments too really, not just Bitcoin. |
I'm not using Bitcoin yet, but if some big programs started supporting it, I'd probably happily switch over to it.
Especially at programs that don't have Paxum. |
Another day and another Bitcoin value change
Bitcoin ATMs World Wide https://s30.postimg.org/mvzynna9d/ch...tms_by_cou.jpg http://quotes.ino.com/charting/intra...f&w=15&a=2&v=w I don't want to beat a dead horse -- If there is no real interest now ... |
we use bitcoin :thumbsup
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