Post
Topic
Board Bitcoin Discussion
Re: Three New Merchants are now up-and-running with Bit-Pay
by
Smalleyster
on 11/08/2011, 01:31:05 UTC
"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.