In today’s fast-evolving digital economy, more businesses are exploring innovative ways to manage revenue — and one of the most forward-thinking options is converting sales into bitcoin. With Square's integration with Cash App, business owners can now seamlessly allocate a portion of their daily sales to bitcoin, opening doors to long-term value storage and financial flexibility.
This guide walks you through everything you need to know about turning your Square sales into bitcoin — from setup and management to compliance and strategic benefits.
What Is Bitcoin Conversion for Businesses?
Converting sales into bitcoin allows eligible Square account holders to automatically transfer up to 10% of their daily sales across all active locations into bitcoin via Cash App. This feature gives business owners direct exposure to cryptocurrency without needing to manually purchase it.
👉 Discover how easy it is to start building your bitcoin reserves today.
Bitcoin is a decentralized digital currency that operates independently of banks or governments. It enables peer-to-peer transactions over the internet, offering speed, transparency, and global accessibility. As adoption grows, many entrepreneurs see bitcoin not just as an investment, but as a tool for financial sovereignty and long-term wealth preservation.
By integrating bitcoin into your revenue flow, you're positioning your business at the forefront of modern finance.
Key Benefits of Converting Sales to Bitcoin
- Automated Accumulation: Set it and forget it — a fixed percentage of daily sales goes directly into bitcoin.
- Diversification: Add a non-traditional asset class to your business finances.
- Global Accessibility: Bitcoin can be transferred or used anywhere in the world with internet access.
- Decentralized Control: No intermediaries like banks control your funds.
- Transparent Ledger: All transactions are recorded on a public blockchain for accountability.
Who Can Use This Feature?
This functionality is available to account owners or team members with Balance permissions in their Square Dashboard. You can assign these permissions under Team > Permissions in your Square account settings.
Before proceeding, ensure you meet the following prerequisites:
- You must be 18 years or older.
- A Cash App account is required, as it serves as your bitcoin wallet.
- There’s a 1% fee on the amount converted and transferred to Cash App.
- All converted sales appear in your regular Square sales reports.
- The conversion applies uniformly across all active Square locations — individual location exclusions aren’t supported.
- While buying bitcoin doesn’t create a taxable event, selling bitcoin later will, and you’ll receive a Form 1099-B for tax reporting.
All revenue processed through Square counts as business income and must be reported accordingly, regardless of whether it’s directed to fiat bank accounts or converted into bitcoin.
Cash App, developed by Block Inc. (the same parent company as Square), provides a secure and user-friendly platform for managing money — including sending, saving, investing, and now holding bitcoin.
How to Enable Bitcoin Conversion
Follow these steps to begin converting your sales into bitcoin:
- Log in to your Square Dashboard and navigate to Banking > Overview > Bitcoin.
- Click Let’s go, then select Get started.
- Complete two-factor verification by entering your phone number and the code sent via SMS.
- Choose your business type from the dropdown menu.
- Link your Square and Cash App accounts by scanning the provided QR code. If you don’t have a Cash App account, you can create one during this process.
- Select the percentage of daily sales (up to 10%) you’d like to convert.
- Review your settings and click Confirm to activate.
Once enabled, the system automatically calculates your eligible sales each day and converts the selected percentage into bitcoin, which is then deposited into your linked Cash App wallet.
Adjusting Your Bitcoin Contribution
Need to increase or reduce your allocation? You can modify your contribution percentage anytime:
- Go to Banking > Overview > Bitcoin in your Square Dashboard.
- Click on your current percentage setting.
- Adjust the slider up or down, then click Next.
- Confirm the new amount and select Confirm.
Changes take effect immediately and apply to future sales cycles.
Pausing or Resuming Bitcoin Contributions
Flexibility is key. If market conditions shift or you want temporary control over cash flow, you can pause conversions with one click:
- Navigate to Banking > Overview > Bitcoin.
- Toggle off the Converting sales to bitcoin option.
To resume later, simply toggle it back on and confirm your preferred percentage.
Managing Your Bitcoin in Cash App
After conversion, your bitcoin is held securely in your Cash App wallet. From there, you can:
- View your balance
- Send bitcoin to other wallets
- Sell bitcoin for USD
- Track transaction history
To access these features:
- In Square Dashboard, go to Banking > Overview > Bitcoin.
- Click Manage in Cash App.
- Scan the QR code with your mobile device to open or download the app.
- Log in and manage your holdings directly.
For support related to Cash App functions (e.g., withdrawals, sales, security), contact support through the app itself.
👉 Start growing your digital asset portfolio with confidence and ease.
Frequently Asked Questions (FAQ)
Can I choose which locations contribute to bitcoin conversion?
No. Once enabled, the feature pools daily sales across all active Square locations associated with your account. You cannot exclude specific locations.
Is there a minimum or maximum amount I can convert?
There’s no minimum threshold. However, the maximum you can allocate is 10% of total daily sales.
Does converting sales to bitcoin affect my tax obligations?
Not at the time of purchase. Converting sales into bitcoin does not trigger a taxable event. However, when you eventually sell or spend the bitcoin through Cash App, that action is taxable, and you’ll receive a 1099-B form for reporting.
What happens if I don’t have a Cash App account?
You’ll need to create one during the setup process by scanning the QR code in the Square Dashboard. It’s free and only takes a few minutes.
Can team members change the conversion settings?
Only users with Balance permissions can view or modify bitcoin settings. Ensure proper access controls are set under Team Permissions.
Is my bitcoin insured or protected?
Bitcoin held in Cash App is subject to Cash App’s terms and security policies. While Cash App uses encryption and fraud monitoring, cryptocurrency holdings are generally not FDIC insured, so understand the risks before investing.
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👉 Unlock new financial possibilities by integrating cryptocurrency into your revenue stream.
Whether you're hedging against inflation, diversifying assets, or embracing digital innovation, converting a portion of your Square sales into bitcoin offers a simple yet powerful way to future-proof your business finances. With seamless integration between Square and Cash App, the process is secure, transparent, and fully customizable — putting you in control of how your business interacts with the next generation of money.