Removals and Storage Experts LTD is excited to announce that we will start accepting Bitcoin as another payment method for our services!
For those who do not know: Bitcoin is a type of digital currency in which encryption techniques regulate the generation of units of currency and verify the transfer of funds. Bitcoin operates independently of a central bank.
As we watch the spread of exciting new technologies like AI and machine learning, Removals and Storage Experts feels that it is important that we continue challenging ourselves to move with the times. Bitcoin is a promising payment technology of tomorrow.
A substantial number of our customers regularly pay us via international transfer. We believe that bitcoin is good alternative for this. Therefore Removals & Storage Experts LTD is now accepting payments in bitcoin!
Removals & Storage Experts LTD will cover bitcoin transaction fees. When a client agrees to pay in BTC we will look at current average fee and it will be deducted from the total. Even though trading BTC is exempted from VAT as a company offering services, all payments regardless of currency, are subject to VAT at current level of 20%.
Each customer will be presented with invoice for services provided. Once agreement for payment in bitcoin is made, we will calculate the equivalent amount of bitcoin to be paid (minus transaction fee) and all of those information will be included in the invoice. Transaction ID (TxID) will also be included on the invoice.
Removals & Storage Experts will comply with current UK tax law and will pay all relevant taxes as with any other payment methods. Once the payment is made the invoice will be marked as paid in full after bitcoin transaction has at least 6 confirmations.
If you do not know what bitcoin is or how to use it we advise against getting bitcoin only to pay us. If you’d like to educate yourself, consider starting here: http://lopp.net/bitcoin.html