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re: Flat fee payment processing with BitPay

Posted on 10/8/13 at 9:28 am to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65049 posts
Posted on 10/8/13 at 9:28 am to
quote:

BitPay processes the transaction and gives you $5 US dollars


Except they peg the conversion to whatever rate they want. Hence, getting a few extra bitcoin in the process, many times over. Money
Posted by WikiTiger
Member since Sep 2007
41055 posts
Posted on 10/8/13 at 9:29 am to
quote:

Except they peg the conversion to whatever rate they want. Hence, getting a few extra bitcoin in the process, many times over. Money


So you're saying that they are ripping off the people making the purchases and that they are too stupid to know whether or not BitPay's quoted price in bitcoins is fair?
This post was edited on 10/8/13 at 9:30 am
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