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Actually, it is not so difficult if you use some kind of ecosystem for these purposes. For example, for me, the ideal option is CoinsPaid, which I have been using for quite some time. Of course, I was primarily interested in the possibility of issuing invoices, payment links, recurring payments and channels in cryptocurrency. Moreover, security is also important to me, and I like that this ecosystem can provide a reliable financial protection system both on my part and on the part of the client.
Edited by terrygrey
You know, I really want to use cryptocurrency in my business. It seems to me that my clients should be able to pay bills with cryptocurrencies, but I don't know how to implement it.
Quote from Steenius >> Imagine if you could deduct the money you spent on MUT Points from your taxes?
I believe you can. You are allowed to deduct expenses relating to a hobby (or job) up to the amount you are claiming as revenue for that hobby (or job).
So, the average player realizes no income, so they can't deduct the expense. However, for those youtube & twitch streamers who have income for streaming, they are allowed to deduct those related expenses.
Quote from Uncommittedgamer >> Virtual currency not Virtue. Bro. This is my 4th language and even im not this iliterate.
Quote from Uncommittedgamer >> Virtual currency not Virtue. Bro. This is my 4th language and even im not this iliterate.
You're my favorite type of person.
I hope all those 3rd party coin sellers are reporting their sales to the IRS, lol.
Quote from NinerNation >> EA has stated multiple times that MUT / FUT coins have no real world value and prohibits exchanging them for monetary value. The article you’re referring to (feel free to link it if you’re going to discuss it) covers cryptos and virtual currencies that are exchanged for real currency on 3rd party markets.
From the article: “Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as ‘convertible’ virtual currency,' reads the IRS’ guide for taxpayers. “Bitcoin, Ether, Roblox and V-Bucks are a few examples of convertible virtual currency.'”
This has nothing to do with any ultimate team mode, but is an interesting read nonetheless. Don’t worry guys, you’re not gonna get a tax bill for holding MUT coin :lol:
Online poker used the same excuse and lost, which resulted in banning USA players from buying "chips" for a few years.
Those Facebook casinos get away with it because they tell you exactly what you are getting with any purchase. UT modes like HUT, FUT and HUT only give you a generalization such as the gamechanger packs which offers at least a certain overall with odds of a higher one.
In EA's case, they would have to promise that for your $20, you are getting for example, a guaranteed 99 Pat Mahomes
It has already been said if the court system took a serious look at what goes on with video game loot boxes and packs, they would drop the hammer, but they have a bit more important things to worry about then a bunch of people with 0 self-control.
Virtual currency not Virtue. Bro. This is my 4th language and even im not this iliterate.
Imagine if you could deduct the money you spent on MUT Points from your taxes?
Oh I already paid my taxes -every time I sell something on the AH the cpu gets a tithe-but thanks for the heads up Dre
EA has stated multiple times that MUT / FUT coins have no real world value and prohibits exchanging them for monetary value. The article you’re referring to (feel free to link it if you’re going to discuss it) covers cryptos and virtual currencies that are exchanged for real currency on 3rd party markets.
From the article: “Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as ‘convertible’ virtual currency,' reads the IRS’ guide for taxpayers. “Bitcoin, Ether, Roblox and V-Bucks are a few examples of convertible virtual currency.'”
This has nothing to do with any ultimate team mode, but is an interesting read nonetheless. Don’t worry guys, you’re not gonna get a tax bill for holding MUT coin :lol: https://www.nydailynews.com/news/national/ny-fortnite-and-roblox-irs-20200214-y5vfkmtk7rcmpi6kfcwd37wb3i-story.html
Story on the daily news talking about this and thought MUT falls in the same category.