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Ask SN: what are best practices for a business accepting bitcoin?
228 sats \ 4 comments \ @brandonsbytes 19 Oct 2023 bitcoin

i’m keeping it open ended. wallet setups, taxes, using a hosted node provider or not, payment libraries/ui, etc.

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53 sats \ 0 replies \ @chungkingexpress 20 Oct 2023
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42 sats \ 0 replies \ @AfroBitcoin 20 Oct 2023
  1. Keep proper records of all transactions so that you can accurately report your taxes. There are a number of software programs that can help you with this, such as CoinTracker and CoinLedger.
  2. Offer insensitives such as discounts, gift cards or a free gift to customers who choose to pay with Bitcoin over other payment methods.
  3. Be clear about your refund policy. Bitcoin transactions are irreversible. This means that if you refund a customer, you will not be able to get your Bitcoin back. It is important to be clear with your customers about your refund policy before they pay with Bitcoin.
  4. Decide early if you would be going with a Self-hosted Lightning node, using a non-custodial Lightning wallet such as Blue Wallet and Muun Wallet or a centralized Lightning payment processor such as BitPay and OpenNode.

That's just my 21 SATs :) Can't wait to learn more from other comments here. Cheers!!!

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8 sats \ 1 reply \ @harrr 20 Oct 2023

Define best, what is important to you?

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0 sats \ 0 replies \ @brandonsbytes OP 20 Oct 2023

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