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re: Flat fee payment processing with BitPay
Posted on 10/8/13 at 11:32 pm to WikiTiger
Posted on 10/8/13 at 11:32 pm to WikiTiger
Ask yourself this question, why are they offering this service only for Bitcoin tranactions? If it is such a winning business model, why not offer it for credit card transactions in dollars or other currencies? Shouldn't they be able to take business away from existing merchant services providers since they claim to be reducing the merchants' costs?
1
Posted on 10/9/13 at 9:37 am to Poodlebrain
quote:
Ask yourself this question, why are they offering this service only for Bitcoin tranactions? If it is such a winning business model, why not offer it for credit card transactions in dollars or other currencies? Shouldn't they be able to take business away from existing merchant services providers since they claim to be reducing the merchants' costs?
BA
ZING
We know why. They want to operate in the uninformed and unregulated space. I think they are going to focus on the vendors and not haircut the customers any. Customers pay in bitcoin, merchant does the conversion, gets haircut
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