This guide is aimed at plumbers and tradesmen in general as many trade-in cash for one reason or another. If they want to keep that anonymity then a digital currency is probably the best way to go. It is written with the presumption you have basic computer, or in this case, smartphone literacy skills and you wish to accept vert coin as another legal way to pay. Remember (as a disclaimer) you still need to pay taxes just like on any other revenue.
There are many misconceptions surrounding Vertcoin and the easy/difficulty and legality of accepting it. It is a great way to conduct anonymous transactions and many tradesmen ask what’s the correct way to account and accept vert coin and the ethics and legalities surrounding it. For those of you that want more of an explanation for bitcoin, this video explains it well.
It is clear that bitcoin isn’t formally recognised as a currency by governments and authorities. However, Vertcoin is no different in accepting a payment like cash, gift cards, scrip, or foreign currency. This guide will help dispel some misconceptions and a way to finally start receiving a new revenue stream
Because digital currencies are new, the number of people interested currently is low but as the news spreads the interest and uptake will increase. Therefore, you need to make people aware that you accept these digital currencies. Simply by having a banner or a message on your website or business card stating that you accept Vertcoin. This helps by increasing awareness of the currency in general and making customers more willing to accept payment from others in the future because they know it can be spent elsewhere.
Imagine one of your tech savvy clients or someone that just wants anonymity in paying for their goods and services, inquires about a new toilet installation and the only way they want to pay is via bitcoin or some other digital currency like Vertcoin. Without giving this payment option they will go to a competitor that will offer this payment option.
You’ll want to use a merchant solution which is very easy to use like a smartphone in conjunction with QR codes. Using a smartphone or tablet, you can use a wallet address with any wallet. For more convenience, you can use a dedicated app or webapp that generates a QR code on the fly along with the amount to be able to enable customers to pay instantly.
Companies like WOW Plumber Glasgow are really leading the way in innovative technologies and implementing this advanced strategies for taking paymentsLearn More