How To Accept Bitcoin as a Merchant - feat. Bitpay & Matador Pizza

Today I look at the simple process of getting set up to accept Bitcoin at your brick & mortar store using Bitpay as a payment processor.
Tip address:
14rc4e5LyDArDb2pBoC3frUHAyxRPuGJ1A
www.bitpay.com
Matador Pizza:
Twitter @MatadorPizza
Facebook / matadorpizza
Website www.matadorpizz...

[@sashapesterev8879]

can u please talk a little about cryptomus. i want to connect, but seriosly needed more information

[@CarnivoreOma]

Does look easy. And makes sense for POS. Especially with a year with ATM building up bitcoin users. I just added CoinPayments to my online business because seemed easier to integrate to my ecwid store compared to bitpay. Thanks Ben for another excellent video.

[@obediencetoflow4653]

I’ve added Bitcoin as a form of payment accepted, along with credit, debit, cards. Square, and Apple pay. I’m pro Bitcoin!

[@BTCSessions]

Obedience to flow congratulations! You're a legend 😁

[@joshhaughton1893]

Next time I go to Calgary I'm definitely going there for dinner so I can pay in Bitcoin

[@stopit4uca]

It's great to see that you're a Canadian representing bitcoin and trying to educate people on it through their businesses through their I just have some questions if this gentleman is using bitcoin to buy things for his restaurant is he able to use that stuff that he bought as a business right off with Crypto currency like bitcoin And does that bitpay only accept bitcoin payments or does it also accept other criptocorancies

[@Mindsaw]

Absolutely!

[@BarryDuttonSellsHomes]

I want a BitPay shirt!!!! LOL. Nice! Good stuff Ben, keep up the good work man.

[@BTCSessions]

Thanks Barry! Good to see you dropping comments :) Hopefully we'll get to cross paths on another show soon!

[@richierichBTC]

Awesome video man. Great Job, Great Work!!! Keep it up :-) GO CANADA!

[@Enoch_The_Gent]

How does this play into companies that ship products? Any features or support for escrow?

[@andrewb5412]

This guy is probably filthy rich by now.

[@cryptointegrations9854]

Helpful video. I am an accountant transitioning my career to start a business like yours to help businesses integrate crypto currency into their payment acceptance offerings. So this video was extremely valuable educating myself.

[@ucheokoroafor8273]

Can I get your business card or information?

[@KedaWoodDye]

What about on an e commerce website? Is there an option that can be utilized for that?

[@scottwins2]

Yes, absolutely

[@willpowr416]

I accept Bitcoin through Shopify

[@customerservice7871]

so what wallet was used to connect to bitpay?

[@SJ19984]

Calgary, Alberta!! Repping the home town. Nice. Good vid guys!! I'll visit next time I'm back in YYC.

[@eganzale]

Awesome pizza place, thanks for the upload bro, your inspireing a lot of people on this channel :-)

[@BTCSessions]

Thanks so much! I have a lot of fun making my content :)

[@stonekase]

is he still receiving bitcoin now?

[@tiendadongerardo1747]

This is awesome... I'm actually in north delta bc and thinking about using bitcoin... here's what i heard and picked my interest... Purse.io, bitpay merchant account, and BTM... Thanks man...

[@BTCSessions]

No problem! Glad I could help :)

[@DerekMahar]

Great to see another merchant that accepts bitcoin! While I think it's a great idea that Jason will keep the bitcoin that he earns from the restaurant and use it to buy supplies from Amazon through Purse.io, I wanted to point out that using bitcoin in this way will likely complicate Matador Pizza's tax accounting. In fact, as far as I can tell, spending bitcoin complicates every Canadian's tax accounting! The Canada Revenue Agency treats all transactions where you exchange bitcoin for goods or services as barter transactions. This has tax implications beyond the simple cost of the good or service that you receive for your bitcoin. If, for example, when you exchanged your bitcoin for a pizza or knives, if the value of that bitcoin at the time of the exchange was higher than when you acquired those coins, then the CRA may consider you to have earned a taxable profit on those coins, which depending on the situation, it treats either as income (100% of which is taxable) or as a capital gain (50% of which is taxable). As a business, Matador Pizza will likely have tools to track these transactions and a tax accountant to report them correctly to the CRA, but Canadian consumers who use mobile bitcoin wallets are unlikely to have the tools to track all of these transactions and account for them in their tax returns. So, as long as the CRA treats bitcoin more like property or a commodity than like money, spending bitcoin makes filing your taxes much more complicated! DISCLAIMER: I'm not an expert on Canadian income tax law so please don't trust my opinion! Furthermore, please don't blame me if you pay too much or too little tax! While it seems that ordinary consumers face a taxable event when they spend their bitcoin, it's still not completely clear to me if this is, in fact, the case. Contact your tax professional for advice! Further reading: www.cbc.ca/news/business/bitcoins-aren-t-tax-exempt-revenue-canada-says-1.1395075 business.financialpost.com/news/fp-street/canada-revenue-agency-zeroes-in-on-bitcoin www.taxtips.ca/personaltax/barter.htm www.theglobeandmail.com/globe-investor/personal-finance/even-barter-transactions-have-a-tax-implication/article4311784/

[@danconnor8422]

Derek Mahar You do not have to pay tax on accepting bitcoin, as they are an intangible asset. He would need to pay tax if he is converting them to.cdn. This merchant needs a new consultant. But methinks they are in league to rip off kiddes with no software savvy.

[@dynasty5053]

dan connor 💯% agree with you. Taxes are only applicable once Bitcoin is converted to C$

[@eddiemargo4409]

How does this work to this date?

[@darshanbhalerao9056]

Better option than Bitpay would be CoinZoom as it supports more than 40+ cryptocurrencies.

[@christinakavinsky4008]

40+ wow? that's huuge.Are they similar to BitPay in all other criteria?

[@groundloopevents6078]

This has been really informative. Thank you! I'm interested in potentially offering my DJ and lighting services for customers paying in BC, and would love to find more information on it. I was very excited to see TigerDirect accepts BC, and It would be awesome if Zzounds or Pro Sound & Stage Lighting started accepting BC as payment for DJ equipment.

[@AboutSchmidt-g2p]

How can you be contacted with Bitcoin

[@erwinpangilinan4618]

Can I use any bitcoin adress to the bitpay checkout to receive the payment? I Mean, like put my Ledger Nano X or Samurai Wallet address?

[@MysteriousMotion]

Great video. Very useful and insightful.

[@asap6842]

Great stuff guys!! Can this be incorporated with the clover POS system or do you have to use a different phone or tablet?

[@DubWubz]

New video eh! :D Propper quality stuff ty for the videos you help me so much!

[@BTCSessions]

No problem! Glad to have you here :)

[@DubWubz]

Thank you man :D I have a suggestion i would love to see. I think a video on what you use bitcoin for what apps you use the most and some tips and tricks? / not either way i'm impressed by the quality and devotion that goes towards each video :) Cheers mate

[@willpowr416]

Can't tie it to a Canadian bank account at this point in time.. any alt. advice?

[@gabrielmegiasgiannits4758]

great Video.-- Very ilustrative..!!

[@BTCSessions]

Gabriel Megias Giannits thanks so much! Great chatting with you the other day. I'll have to get you on the show soon to talk about how Bitcoin affects your life in Venezuela!

[@gabrielmegiasgiannits4758]

sure thing Ben.--!! i am up for it.--!! and yeah it was a lot of fun talking tou you and keneth and satoshi dan.. !!! -- your channel is great Ben.--!!

[@darrylcollins7021]

It says bank accounts in canada not accepted??

[@kingdomreign71]

How do you send funds paid out to a PayPal account?

[@InnerKnowledgeSeeker]

Hi Ben, thanks for the informative video! Do you know if Bitpay offers referral/affiliate incentives? I inquired with them directly but have not heard back.

[@BTCSessions]

To tell you the truth I haven't heard anything like that being offered. I know places like Coinbase and Purse.io have offered that, but I think those sites are more likely to get a steady revenue stream from you promoting their business. I'd imagine that the margins are pretty thin for them thus far, especially in the brick & mortar store sector. If I find out anything to the contrary I'll definitely post it!

[@Dkluch_]

What App does the customer have to have in order for them to quickly and easily be able to send the payment?

[@nickisabelle724]

Dan Klecha I'm reading the comments to find the same answer. No luck so far..

[@sherrygrant5790]

Thank you so much for all your very informative videos. You do such a great job. I live in the Calgary area as well and have tried to order a Bitpay card on line and it say's that it is not available in our area. How did you get your Bitpay card....??? What other serviceable card do you suggest to use for BTC in our area here??? Thank you for any help !!! Much appreciated.

[@BTCSessions]

Hey Sherry, you're very welcome! I actually don't have a Bitpay card, but I have cards from both Wirex and Bitwala. Both are pretty decent. I've used Bitwala a little bit more, but I'm now trying out the Wirex a little more to see which I prefer. I did videos on both of them if you take a look back through my previous material. I've been told that Bitpay will eventually have a card for Canadians, but things are currently in the works. Hopefully it comes soon!

[@sherrygrant5790]

So both of these cards are like a visa card and you can use them anywhere they take visa..??? Are these 2 cards usable throughout Canada and the USA..?? Thanks again. You are greatly appreciated and a true source of information and education. May run into you in Kensington one day!!

[@BTCSessions]

Yes they are both usable anywhere that accepts Visa/Mastercard. Basically you order a card from them, and have an app that allows you to use Bitcoin to load your card. Of course these aren't perfect. First off, they are only able to be denominated in USD, EUR and GBP right now. That means if you use them in Canada you get hit with a foreign currency exchange rate when you buy something. They are quite useful for travel though. Regular purchases in the currency of the card are free. So if you get a USD card and head down south, you can load it with Bitcoin whenever you want to make some purchases and you don't have to pay a currency conversion. I plan on using my GBP card when I go to London next month. Glad to have you watching Sherry! I'm down in Kensington from time to time grabbing coffee at Higher Ground, so maybe I'll see you down there sometime :)

[@mike868]

How can anyone accept payment fgor something thst doesn't exist. It's just s bunch of 0's and 1's on a computer.

[@BTCSessions]

What do you think your debit card is?

[@markkrause4407]

So is a 100 dollar bill !

[@SilverShux]

How are taxes calculated?

[@jasonseitanidis4776]

SilverS you need to add it in your sale or program it in

[@amybattles8561]

He was ahead of the time 😂 $$

[@informedconsent3040]

Now a legitimate reason to wait 45 minutes for your order. #confirmation

[@BTCSessions]

Haha most brick and mortar stores don't wait for a confirmation. They accept more risk from credit card fraud. Also Bitpay would be taking the risk in this case, so you can make your purchase and go :)

[@informedconsent3040]

I was just pokin' fun... Any recognition of digital money is great! My hat's off to all forward thinking individuals.

[@danconnor8422]

The atm.was a scam... all he needed was a wallet on his own phone.

[@trailhiker8063]

I had to stop watching....the music in the background with the break music is hard on the ears.

[@_Epictetus_]

BTCPAY Server > BitPay

[@pamelmodz6242]

Just take the BTC direct, not thru Bitpay.

[@BTCSessions]

Main reason for Bitpay was for easy accounting, as well as the tipping function so that cash out is easy each day.

[@scottwins2]

Why?

[@Diablo99V]

Some of the BitPay tools may be useful. Taking them directly may work too but there are some benefits to use the BitPay dashboard. To each its own I guess.

[@dynasty5053]

BTC Sessions Yes, take Bitcoin directly... isn't that the whole point of cryptos? Take the middle man out of the equation, in this case bitpay.

[@erwinpangilinan4618]

No man, you can get robbed if you take the payment directly to your wallet.

[@bluemarshmallowtasty7788]

I don't take advice from salesmen.

[@BTCSessions]

I don't understand what you mean. I'm not selling anything, I don't work for Bitpay, and I made this video for free.

[@bluemarshmallowtasty7788]

Fuck bitpay. I am not paying for something free.