Bitcoin invoice / payment request
What do you use a Bitcoin invoice for?
You are a service provider (e.g. programmer, web designer) and have created a normal invoice for your service. Now you want the customer to pay this invoice via Bitcoin.
For this invoice you create a payment request, which you send to your customer by email.
Why can’t I just send my customer my Bitcoin address?
In such a case, you would now look up the current bitcoin price. Work out the amount, create a unique bitcoin address and send a payment request to your customer. Then you monitor your wallet until the payment is received.
But what happens if the customer does not pay immediately? Maybe he is on the road, has no time or his Bitcoin are still on another wallet.
Then time passes, within the bitcoin price might have changed.
Now the rate is no longer correct, a discussion begins about which amount is now taken. The one at the time of invoicing or at the time of payment.
For this problem, a Bitcoin bill is the solution.
You can create a Bitcoin payment request for this customer, based on your invoice, with just a few clicks.
With Bitcoin Invoice you transfer all relevant invoice data from your accounting into an online form. Likewise, the information about the invoice amount in euros.
A Bitcoin invoice is created from this information. The invoice recipient receives a request for payment in Bitcoin with the Bitcoin address to which the Bitcoin should be sent.
The payment request shows the Euro amount from your accounting. Only at the time of payment, the bitcoin amount is calculated based on the exchange rate.
This amount is sent to the specified Bitcoin address and credited to the merchant’s wallet.
As a payee, it therefore does not matter whether the customer pays the invoice immediately, the next day or within the payment period. There are no risks for the trader due to the volatility of the bitcoin price.
If the invoice amount is €50, the merchant will be credited the bitcoin equivalent of €50 at the time of payment, not at the time of invoice creation.
Create payment request for Bitcoin invoice
If a customer is to pay an invoice via Bitcoin, this is done as a Payment Request.
The payment request is made via email, which the payer opens with a click and contains all the necessary information to pay the bill with Bitcoin.
To create a payment request, we click on the Requests menu item in the navigation bar under Payments and then on Create a New Payment Request.
In the payment request for the Bitcoin invoice, you can choose your own name under Title.
In the Amount field the invoice amount is entered and in the Currency field the currency.
If you want to allow the payer to pay the invoice in several installments, place a check mark here. If the entire invoice amount is to be paid, leave the default setting unchanged.
Then you enter your own email address in the Email field, which will be used to inform you when the Bitcoin invoice has been paid, for example.
In the Description field you can enter, for example, the invoice number or further instructions for the payer.
Then you click Save and get the option to view the Bitcoin invoice payment request via View.
This is now the payment request of the Bitcoin invoice, which we can send to our customer this way.
We can find the url under Copy Link, which we will forward to the customer.
When the customer receives this payment request, he clicks on the green Pay Invoice button at the top right and the familiar payment window opens.
The invoice amount denominated in Euros or Dollars will be converted into Bitcoin at the time of payment.
This conversion is based on the bitcoin rate at the time of payment.
If the invoice from the payment request has been paid, you will receive a message at the specified email address.
In addition, the payment is listed in the menu item under Invoice.