Post
Topic
Board Bitcoin Discussion
Re: Three New Merchants are now up-and-running with Bit-Pay
by
nmat
on 11/08/2011, 16:58:43 UTC
Did you see those fees mentioned on the website?

Did you notice I had to ask specifically what the fees were to even have this brought out?


That is a good point. Those fees were announced here, but I don't see why don't they put up more info before sign up. I would like to know beforehand how much I would have to pay.


Did you know that the average fee for credit card procesing should be about 1.5% and $0.15?

Did you realize they are charging double the average?

They are charging 1%, in case you didn't notice. They only charge 3% if there is a currency conversion. How much are the credit card processing fees for different currencies?

If I were a merchant, I would rather pay these 3% to have steady USD payments than risking 50% of my income (like it happened on August 6th when the price dropped from $10 to $5). But the choice is up to you.