Quote from: smartsofficial on September 03, 2018, 01:05:47 PM

Quote from: holydarkness on September 03, 2018, 12:46:22 PM

How do you plan to keep the vendors from billing the buyers of those transaction fees? It's not an impossible scenario where the sellers decide to reap better profit by subjecting those (or any fees involved) to the buyers by increasing the product price.

This would only be an issue, if the cryptopayments were more expensive than fiat ones but since cryptopayments are cheaper (no middle-men such as mastercard or visa taking their share + the upkeeping of POS bank terminals) there will be no reason for the sellers to add extra price to the products. To be fair, for those vendors who do not wish to receive cryptopayments directly, form them Smarts will be the middle man who takes care of crypto and will return fiat to the seller. But even those costs will be less than half of what they are paying right now.

So in a nutshell, Vendors will have no need to increase the pricing.

I'm sorryx I reviewed your conversation back on previous page and I realized that you explained this transaction fee to maitseasi, and said that customer can have an option to may for the transaction fee and make their purchased items cheaper. And you informed me that the tx fee shall be billed to vendor. I got.confused

Quote from: smartsofficial on August 24, 2018, 08:30:07 PM

Quote from: maitseasi on August 24, 2018, 08:13:45 PM

Quote from: smartsofficial on August 24, 2018, 07:46:36 PM

And to answer 'maitseasi', the Tokens will can be used if you want to set up a Vendor account (store owner and want to use Smarts) or a customer using the app - the SMTs can be used to cover crypto transaction fees, so your purchases will be cheaper than it says on the price tag.

How can price be lower then on pricetag? Only with crypto?

Very good question. Since the platform is free to use for the end-user, all expenses will be covered by the vendor. So, when a vendor accepts cryptocurrency, they will also cover the transaction fees. But, if you have SMT's, you can use them to cover the transaction fees yourself and so, your purchase will be cheaper.