Quote from: Smalleyster on August 11, 2011, 01:31:05 AM

Quote from: Steve on August 11, 2011, 01:24:34 AM

Quote from: Smalleyster on August 11, 2011, 01:13:46 AM

"Merchants can be paid in US Dollars"

How does that work? I could not find details on your site. What exchange rate do you use?

I do like the fact that you are a Florida corporation.

A merchant can set prices in either USD or BTC and get paid in either USD or BTC. Regardless of which currency is used for pricing, if the merchant will accept payment in BTC, we charge 0.99% ...if they elect to take payment in USD, we charge 2.99%.

We pull the high bids from Mtgox, Tradehill and CampBX. We take the two high bids that are closest and kick out the third. Of those two, we take the highest high bid.

Wow, that's the same price as PayPal. Oh well. Good luck.

Bit-pay charges 0.99%, Paypal charges 2.9%+$0.30 and that's for US only. They add an additional 1% if it's international. They add another 2.5% if there's a currency conversion involved (we're adding an additional 2%). And if the transaction is for less than $2.00, they charge 5% (plus another 1% for international and 2.5% for other currencies). And, from what I understand, they have a bad habit of reversing charges and freezing accounts.

I can appreciate that people want things for free, but we are trying to create a service that makes things very easy for the merchant, integrates with their accounting systems, integrates with various shopping carts, enables easy customization to fit with their own branding, etc. This is not a hobby for us.