Bitcoin Forum

I'm struggling to find a way of taking a solution to an employer that will let them automagically pay Bitcoin directly to an employee who requests it as part of salary.

Minimum fuss so that it's straight forward for an employer who just doesn't want any hassle - i.e. they'll do it, but only if it's really easy and doesn't cause them any extra work when they run the payroll for the rest of the staff.

Any suggestions? The only solutions I've found tend to be US/$-centric.

Cheers

You could use a company called Bitwage, which provides that service. A competitor called BitPay also provides a similar service. This article describes both services. I assume they are not only for the USA, but I don't know for sure.

http://www.coindesk.com/bitwage-now-lets-employee-get-paid-bitcoin/

But at the current situation with the price dropping and all, will the employers even agree to get paid in Bitcoin?

Just a thought  :)

Thanks for this - unfortunately both of them are US-focused (in terms of employer integration) from what I can make out :-\


I agree but from speaking to folk, there's a few who buy small amounts regularly for whom it might make sense just to automatically receive a small % of salary in bitcoin to avoid the hassle of buying it directly themselves each week (unless the cost was ridiculous). Be great if someone popped up with a plug-n-play solution for employers in the UK.

I personally don't think it's a good idea (and I'm pro bitcoin, very bullish about its future).
Say for example you get paid 3000 USD a month, what if the say before payday bitcoins value is 230 dollars then 5 minutes after your wages go in the value of bitcoin crashes 50 dollars because of some bearwhale dumping.
I'd advise people 'for now' that people get paid in their national currency & set aside a certain amount each month to buy bitcoin.
I can only advise though, go ahead on the path you choose.

This logic is counterargument by the fact it could go up 50 dollars.. so there.
Also, if you don't want to (not that im saying you should) you can get away with not paying any taxes. Not sure if payment methods like Bitwage and Bitpay would would allow for this tho. Do they inform the gov of your wage so they can tax your Bitcoin?

when you have a job, and you're dependent on a company, usually your boss is the one that declare the taxes about your payment, so your payments are already taxed to the source

I hear what you're saying and agree in many ways. But I guess what I'm suggesting is that if you're already putting aside a certain amount of money each month from your salary and then having to go out and buy bitcoin, why not just automatically buy and cut out a couple of intermediary steps.

Like I say, not for everyone, but for those who buy regularly, I can see it being useful. It just removes a bit of that friction which could then encourage someone to then spend that bitcoin instead of holding onto it as you're removed in some way from the time/effort of going to an exchange etc - maybe that reduces the emotional attachment/hodling mentality in some cases as well.

Whether your boss directly deducts tax from your wages depends on which country you live in, and what job you do. I know someone who was refusing to pay money to his ex-wife, but one day his boss included a letter in his wage packet informing him that the government had instructed his boss to directly deduct what he owed his ex-wife from his wages.

It would have made no difference if he was paid in Bitcoins, his boss would have still deducted money from his wages before he got them.

i have a great idea for you... if you have a method of obtaining bitcoin manually, expand it
by this i mean YOU become the service you want.
people get their employers to deposit money to you when they get paid and you send them bitcoin to their bitcoin address.
then when you establish a workable service where you are making a profit from the spread. you can then quit your job and live on either the % fee in £ you receive or live on the % fee of bitcoin.

I think that BitWage is working on expanding their services. They will probably make it to the UK soon.