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re: Flat fee payment processing with BitPay

Posted on 10/7/13 at 2:14 pm to
Posted by LSUzealot
Napoleon and Magazine
Member since Sep 2003
57656 posts
Posted on 10/7/13 at 2:14 pm to
In essence, if you pay them 30 a month, the consumer pays you in bitcoin then you receive the same funds in USD?
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 10/7/13 at 2:22 pm to
quote:

In essence, if you pay them 30 a month, the consumer pays you in bitcoin then you receive the same funds in USD?



Right. You can opt to pay $30 per month for them to process your bitcoin transactions and pay you in US dollars. If you choose this option, you will pay no transaction fees for each transaction.

You can also opt to pay no monthly fee, but instead pay a 1% fee for each transaction.

I suppose as a merchant you would need to do the math to see if you have enough bitcoin sales to make the monthly payment options worthwhile.
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