Using Crypto Invoices In 2024

For small, medium, large-scale business owners and freelancers, crypto payments are steadily becoming the preferred payment method for their products and services. The use and inclusion of crypto payment gateways into e-commerce websites and online stores have risen and crypto invoices have become the norm to request and settle payments. For business owners and freelancers looking to accept crypto payments and include crypto processor gateways, here’s all you need to know about crypto invoices.

What is a Crypto Invoice?

A crypto invoice is just like a regular invoice: however, it is used when goods and services need to be exchanged for cryptocurrency instead of fiat currencies. Crypto invoices have become an efficient alternative to accept payments as it offers numerous advantages like power transaction fees and even faster and more secure processing times.

Crypto invoices employ or work with the blockchain to manage transactions. The blockchain allows for rapid and accurate transaction tracking in real-time.

Regular or traditional invoices require business owners or freelancers to create individual invoices for every customer and every service provided. Thereafter, they also have to track each invoice manually, setting aside settled invoices and unpaid debts, which could result in human error. Plus, they are laborious, and time-consuming, and make data tracking and analysis difficult.

Crypto invoices eliminate all these drawbacks and even provide additional benefits like financial reporting tools that can be helpful during monthly and yearly tax filing. Therefore, it is essential to choose a reliable crypto service provider.

Benefits Of Crypto Invoicing

As more cryptocurrency solutions arise, global payments giants are seeking to partner with crypto payments to facilitate transactions. There are many advantages of crypto invoicing and they include:

Increasing adoption

Gone were the days when businesses shied away from cryptocurrency. Now, many business owners and freelance agencies are open to integrating and accepting crypto payments. It’s essential to know that while many companies accept Bitcoin, meme coins and stablecoins like DOGE, USDT, and USDC are now prepared crypto choices for these companies.

In certain countries such as El Salvador, Bitcoin, and other cryptocurrencies are highly recognized and valuable cryptocurrencies for conducting business, and crypto invoicing has become an essential tool for sending and accepting payments.

Easy and unlimited generation of invoice

Manual invoice generation is undoubtedly limiting and monotonous as business owners follow a definite invoice setting that does not allow for customization. With blockchain technology, invoice generation is fast, easy, and secure. In addition, it is much cheaper and there are no monthly limits to the number of generated invoices.

Builds customer trust

Crypto payments employ the blockchain to ensure secured payments between consumers and businesses. Consumers are assured of the security of their financial data during transactions, building trust between both parties. Since blockchain encourages anonymity, users can bypass strict financial regulations and purchase without concealing their information.

Reduces labor

The initial method of sending invoices to customers was laborious, especially if you handled multiple recurring clients. From editing Excel templates, sending account details and confirming every transaction with your bank, saving PDFs of every transaction, and more. These laborious procedures can limit productivity and reduce your output.

Eliminates human error

In every manual form of calculation, there is a tendency for human error which can compound over time and lead to loss. In manual invoicing, human error is almost inevitable in addressing payments and handling confirmations. With crypto payments, all you need is to save the long strings of hexadecimal addresses and copy them when needed.

Simplifies payment reminders

Having to remind your clients to pay up in manual invoicing requires you to send manual send payment reminders or probably check in with the finance of the customer support team to make reminders possible. With crypto invoicing, there is no need for manual input or reminders as it requires one click to get this done.

Tax Reporting

Accepting or receiving cryptocurrency (depending on certain situations or scenarios) can subject you to capital taxes and also tax returns. It is essential to properly file your assets in your portfolio in certain countries like the United States, or else you risk jail time. With crypto payment gateways, you can access all your transactions, allowing you to file your taxes properly.

How To Send A Crypto Invoice With PTPShopy

PTPShopy stands out as a versatile white-label crypto payment gateway, providing a range of decentralized financial solutions tailored for businesses. From crypto Point-of-Sale (PoS) payments to crowdfunding and, notably, crypto invoicing,

PTPShopy’s crypto invoicing solution brings several advantages to the table. Business owners can seamlessly receive payments, create and send bills to customers, generate and dispatch online receipts for payment verification, and efficiently manage various types of crypto subscription payments.

Moreover, PTPShopy imposes a modest 0.95% service fee, ensuring affordability for all business owners. Plus, withdrawals come at no cost, maximizing your savings while ensuring access to superior services. Integration with Web 3 is seamlessly achievable, empowering merchants with instant transaction notifications.

With its user-friendly interface, PTPShopy caters to both newcomers and seasoned professionals, streamlining navigation effortlessly. Extensive expertise is unnecessary to kickstart your crypto invoicing journey. Furthermore, merchants gain access to a plethora of additional features that enhance productivity and efficiency.

To send an invoice with PTPShopy, perform these simple steps.

  1. Register or Sign up: The first step to take is to sign up or register by providing the essential details required and confirming that the information provided is true. Then log in to access the PTPShopy dashboard.2
  2. Create an invoice: Click on the crypto billing section on the dashboard to create an invoice. Fill in the required details and create an invoice for your customers. PTPShopy allows merchants to also automate invoicing for regular customers.3
  3. Receive payments: PTPShopy allows users to receive payments instantly. Merchants are in charge of their transactions and there are no chargebacks unless you initiate them.