Why so many e-shops offer HUGE discounts if order is paid in crypto?
Why so many e-shops offer HUGE discounts if order is paid in crypto?
10%, 15% sometimes 20 and even 25% off entire order if you choose crypto as a method of payment! Where’s the trick? I just consulted my accountant today who has extended knowledge in business and crypto accountability and sellers are taxed the same rates than with orders being paid with regular money… then why does sellers push customers to pay crypto offering such discounts ? I might have an idea though, not declare those sales to the tax authorities because hardly traceable? So 100% gain? That’s the only explanation I see so far. Anybody having another idea? Cheers!
This makes sense but as somebody who has handled credit card processing for my own and other businesses, it’s not real problem at most places. The only place where it was even a slight concern was selling cheap clothing online.
The fact that these businesses are so worried about it that they’d offer this kind of discount makes me extremely doubtful about the quality of the product/services offered.