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Started By
Message
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
Posted on 10/9/13 at 9:53 am to WikiTiger
quote:After having read many posts on btc message boards, I can safely say the bitcoin "community" is not very intelligent when it comes to financial matters.
the community would not respond positively.
Evidence of that can be summed up in several posts which say "I don't care how much money I lose on bitcoin as long as I know I'm pissing Bernanke off."
Posted on 10/9/13 at 10:10 am to LSURussian
quote:
I don't care how much money I lose on bitcoin as long as I know I'm pissing Bernanke off
Bernanke gives 0 fricks about Bitcoin currently.
Posted on 10/9/13 at 10:37 am to Broke
quote:Which reinforces my observation that the bitcoin 'community' is not very bright....
Bernanke gives 0 fricks about Bitcoin currently.
Posted on 10/9/13 at 11:35 am to LSURussian
quote:
Which reinforces my observation that the bitcoin 'community' is not very bright....
I think they know a shitton about the "currency" but know almost nothing with regards to regulations, regulators or monetary policy.
Posted on 10/9/13 at 11:41 am to Broke
Hence, my qualifying their lack of intelligence in "financial matters."
Posted on 10/9/13 at 11:45 am to WikiTiger
quote:
there is no reason that a business should be paying 3% or more plus a $0.10 to $0.15 per swipe fee to simply perform a transaction. (this is no jab at Square which at least seems to be attempting to disrupt this space, but rather at the traditional model that companies like Visa/MasterCard use)
I'd be in credit card point earning heaven if Square lowered its transactions fees to less than 1%.
Posted on 10/9/13 at 11:46 am to Broke
quote:
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
jesus christ, you people seriously are retarded.
Posted on 10/9/13 at 11:48 am to WikiTiger
quote:
you people seriously are retarded.
See my sig quote....
Posted on 10/9/13 at 12:03 pm to LSURussian
quote:
See my sig quote....
I liked the IB Freeman quote more
Posted on 10/9/13 at 1:24 pm to WikiTiger
quote:
jesus christ, you people seriously are retarded.
How many degrees to do you currently hold? How many businesses do you own? Do you really want to go down this road?
Posted on 11/8/13 at 4:22 pm to foshizzle
quote:
And Square offers payment processing for a flat $275/month fee to small businesses.
Not anymore: https://squareup.com/help/en-us/article/5191-monthly-pricing-discontinuation-details
Point: bitcoin
This post was edited on 11/8/13 at 4:25 pm
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