Now Accepting Cryptocurrency Payments
Disclaimer for Cryptocurrency Payments
Thank you for considering cryptocurrency as a payment method at (Insert Store Name). To ensure transparency and compliance with applicable regulations, please review the following terms and conditions regarding cryptocurrency payments:
- Accepted Cryptocurrency Payments:
- We accept cryptocurrency payments exclusively through Coinbase Commerce.
- Cryptocurrency payments can be used for all products and services offered by our dealership.
- Transaction Limits and Verification Requirements:
- For transactions exceeding $10,000.00 (USD equivalent), customers are required to complete an identity verification process.
- This process includes providing a government-issued photo ID and completing IRS Form 8300 in compliance with federal reporting regulations.
- Exchange Rates and Fees:
- The final amount due in cryptocurrency will be calculated based on the prevailing exchange rate provided by Coinbase Commerce at the time of payment.
- Customers are responsible for any transaction fees associated with cryptocurrency payments.
- Non-Reversible Transactions:
- Cryptocurrency payments are irreversible. Please ensure the accuracy of the payment amount and recipient address before completing the transaction.
- Refunds and Adjustments:
- Refunds, if applicable, will be processed in U.S. dollars (USD) based on the value of the cryptocurrency at the time of the transaction.
- Due to the volatility of cryptocurrency values, the refunded amount may differ from the original payment amount.
- Compliance and Limitations:
- All cryptocurrency transactions must comply with local, state, and federal laws and regulations.
- We reserve the right to refuse any transaction that does not meet our verification or compliance standards.
By proceeding with a cryptocurrency payment, you acknowledge and agree to these terms. For additional information or assistance, please contact our finance department directly.