Managing Payout Beneficiaries: Pay the Same People Repeatedly
CoinGate’s payout API now supports beneficiary registration to simplify recurring crypto payments and meet EU Transfer of Funds Regulation requirements effective 30 December 2024.
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CoinGate’s payout API now supports beneficiary registration to simplify recurring crypto payments and meet EU Transfer of Funds Regulation requirements effective 30 December 2024.
EU businesses accepting crypto must still charge VAT on sales and report income at fiat value, per EU VAT rules and 2015 Hedqvist ruling, with record-keeping critical.
CoinGate’s Billing API automates recurring crypto billing by generating and sending invoices on a schedule, requiring customer action for each payment, unlike card-based subscriptions.
CoinGate outlines how businesses can use stablecoins for supplier payments, emphasizing vendor willingness, technical setup, and risk management in cross-border transactions.
CoinGate introduced a Convert API to automate cryptocurrency balance conversions between supported pairs, such as Bitcoin to euro or euro to USDC, reducing manual dashboard tasks.
Crypto payments can reduce involuntary SaaS churn caused by failed card renewals, which accounts for up to 40% of subscription losses, by avoiding card-specific failures like expirations and issuer declines.
Crypto payment reconciliation can be streamlined by using dedicated addresses per customer or invoice and real-time payment notifications via API, addressing common challenges like attribution and network fees.
CoinGate released a developer-focused guide for integrating its crypto payment API, detailing sandbox testing, order creation, callback verification, and settlement options for merchants.
A CoinGate blog post explains why businesses should prioritize regulated crypto payment providers over mere reserve proofs, highlighting the limits of snapshots and the value of enforceable oversight.