Post
Topic
Board Bitcoin Technical Support
Re: 6 hours no confirmation, with fees
by
grue
on 25/05/2013, 16:51:48 UTC
Thats the problem of Bitcoin, you have to pay more to ensure it is done quickly.
What if I am going to buy just an apple that costs $0.5, then I have to pay $0.1 to have it confirmed quickly. That's 20% of the cost and I have to stand there for an hour like an idiot. Bitcoin as a fast payment method is a joke.
Bitcoin is not for microtransactions. Also keep in mind that most payment processors charge the merchant $0.25 + 2.5% in fees. Assuming you have some sort of high volume merchant account, and your fees are $0.20 + 2%, that transaction would have cost you at least 0.188 BTC. If you included that as a fee, your transaction will be in the next block guaranteed.