Hacker News Reader

Comment by agilebyte | Hacker News Reader

So is this like http://wagepoint.com/ that does bitcoin too?

It does have some similarities, but we put the majority of the control in the employees' hands. This not only makes the employer's lives easier, but also allows the employee to update how their paid at any point in time.

This is of course empty until it's fulfilled, but for what it's worth - we have a lot in our roadmap that will also set this apart in a lot of ways.

Just a quick check in from Wagepoint. We also allow the employee to split their pay between multiple accounts via percentages - checking, savings, bitcoin. Just as an interesting point of fact, 80% of the employees using the bitcoin feature in our app take a 100% of their net pay in bitcoin. So it's definitely gaining popularity.

The biggest benefit in the way we do it is that we take out all the Fed/ Sate and Local taxes first and then only allow people to take home a % of their net pay in bitcoin. This way we get to avoid questions from Uncle Sam :)

Always happy to see the bitcoin payroll community expanding - props!

Hey guys! We saw that the other day when we checked out your platform. I was referring more to how the settings are updated. It just felt like it was all up to the employer. Where everything is controlled by employee only on Incoin. Personal preference I guess.

Also great little tidbit of information!

We don't have taxes quite yet, but we do the same with only handling Bitcoin/ACH deposits post tax.

Thanks for dropping in and the support.

Reply on news.ycombinator.com