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Do they expect some kind of standardized form of payment, such as an "invoice" in a specific format, which I have to e-mail them as a kind of official receipt? No. You need to learn the english terms - or how to use a dictionary to look them up. An INVOICE is a statement of what you HAVE to pay. A RECEIPT is a statement confirming something HAS ...


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You've gotten several answers on whether it can be exchanged, but I think one related to the tax implications of accepting cryptocurrency is perhaps valuable. In general, accepting cryptocurrency will be effectively identical to receiving cash from a tax perspective, with the caveat that you will have to define the cash value of the cryptocurrency. Exactly ...


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The short answer to your question is yes. You "exchange" cryptocurrencies for fiat like the US dollar, British Pound, or the Euro the same way you would convert your sofa into fiat; You would trade it. You find someone who wants to trade their fiat (money) for your crypto, and you do the trade. There are online exchanges that can help you do this, ...


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Since cryptocurrency can be transferred, it can be exchanged for money. However, some entities in possession of cryptocurrency may prefer not to exchange it for money. Why? Perhaps to avoid an audit. Or, perhaps to avoid prison. Two possible stories: Suppose that the customer in question acquired Bitcoin a decade ago, when its price was, say, approximately ...


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"customer tells contractor that she or he can't pay for the job via common overseas payment options..." FYI. This is, simply, an outright lie. It would be like saying "I can not purchase a cup of coffee" or "I am unable to find a Road" or "There's a strange problem and the sun didn't rise today." Completely silly. (It ...


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Yes, there are ways to convert cryptocurrency to various real [believe me, I very specifically chose that word] currencies. If someone claims they can't they are probably setting up fraud of some type. The 'smell test' that fails here is that demanding very specific payment techniques, to the exclusion of all others, is often step 1 in committing some sort ...


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This isn't a type of payment per se, but rather something up to the bank/etc. behind the account. Credit cards can permit small purchases over their limit, banks can permit overdrafts with ACH or checks; it's not a matter of the form of payment (though only some forms of payment can - obviously a cashier's check wouldn't have this functionality - but it's ...


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