Flat fee payment processing with BitPay | Page 3 | TigerDroppings.com
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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
16874 posts

re: Flat fee payment processing with BitPay

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?


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58348 posts

re: Flat fee payment processing with BitPay
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


LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Flat fee payment processing with BitPay
quote:

the community would not respond positively.
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.

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."


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58348 posts

re: Flat fee payment processing with BitPay
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.


LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Flat fee payment processing with BitPay
quote:

Bernanke gives 0 fricks about Bitcoin currently.
Which reinforces my observation that the bitcoin 'community' is not very bright....


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58348 posts

re: Flat fee payment processing with BitPay
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.


LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Flat fee payment processing with BitPay
Hence, my qualifying their lack of intelligence in "financial matters."


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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
21569 posts

re: Flat fee payment processing with BitPay
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%.


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Flat fee payment processing with BitPay
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.



LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Flat fee payment processing with BitPay
quote:

you people seriously are retarded.


See my sig quote....


SpartyGator
Florida Fan
Texas
Member since Oct 2011
37027 posts

re: Flat fee payment processing with BitPay
quote:

See my sig quote....



I liked the IB Freeman quote more


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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58348 posts

re: Flat fee payment processing with BitPay
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?


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Flat fee payment processing with BitPay
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 at 4:25 pm


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