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Message
re: Flat fee payment processing with BitPay
Posted on 10/7/13 at 5:28 pm to Volvagia
Posted on 10/7/13 at 5:28 pm to Volvagia
quote:
Seems a negligible difference though.
it is. no doubt.
and certainly the volume of bitcoin payers at this point is so small that it makes this discussion more of a philosophical one than a reality based one.
but i think it's very interesting. some disruption in this industry is desperately needed.
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)
2
Posted on 10/7/13 at 5:33 pm to WikiTiger
quote:As a free market person, shouldn't you be setting up your own credit card system with lower fees if the existing card providers are being so greedy?
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. (
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%.
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