Thanks! Unfortunately we donāt have the luxury of holding any currency type in reserve yet š Everything coming in goes right back out to expenses to stay afloat (obligations for equipment, rent, suppliers, investors, loans). But will definitely reach out in future if we have questions about setup š Hopefully as we scale this gets easier! And roger that on Coinbaseā¦ someone else commented they donāt even accept Bitcoin?! Yikes. Didnāt realize haha. Clearly new at thisā¦ so appreciate the feedback!!
I already shilled them btcpay š
nostr:npub1qdwd32hhhvm844nrvp9nqfef6ytykrlmracc5zhkr0vjjpfds9xsyrsnsp canāt help with tax stuff but feel free to dm if you need some tips or help getting set up accepting Bitcoin directly!
Re cash flow: since it looks like youād be accepting both usd and Bitcoin my advice would be to hold any Bitcoin earned from sales in sats as reserve. Any sales made in usd can be used to pay bills, suppliers, etc.
Personally I would stay away from Coinbase commerce. I understand the convenience factor, but you lose custody of any Bitcoin collected and also lose a hefty percentage in fees to their platform. No different than dealing with a credit card processor.
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