Quote from: erk on August 20, 2013, 08:47:19 AM

Quote from: Barntech on August 20, 2013, 08:35:18 AM

Quote from: libertybuck on August 20, 2013, 07:43:54 AM

Hi Barntech,

Quote

To calculate BTC required: Multiply the number of chips desired by $25 (cost=chips*US$25) to arrive at the $US dollar amount. Then times this amount but the current exchange rate (currently 1BTC = US$104).

I want to order chips with BTC. Today MTgox exchange rate is $120/btc. So, to calculate btc amount which exchange rate should I use ?

Regards

libertybuck

Hey.

Yes, sorry, i've been busy and haven't updated. Go with US $120 for the exchange rate. I'll go change that now.

Cheers

Barntech

Have you considered opening up a merchant account on bitpay.com? I opened one recently and it's reasonably painless. Does on the spot BTC/USD calc and can pay you automatically in AUD.

Yes considered it. The 1% fee is the main turn off, though i may still end up going with it for conveniece. I had the MTGOX pay button up for a while but there's a few things about how it works that i don't like, like not giving you bitcoin transaction information. Maybe bitpay is the way. For now i'll just try to keep up with fluctuations.

Also, genreally steering clear of AUD for now because the chip purchase will be in USD.

Cheers