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Message
re: Flat fee payment processing with BitPay
Posted on 10/8/13 at 9:48 am to Broke
Posted on 10/8/13 at 9:48 am to Broke
quote:
You act like this hasn't been done before. On legitimate exchanges. Is that your position here?
I just think your accusations lack merit. Not only that, but you are essentially claiming the business to be extremely short-sighted.
If $5 equals .04 bitcoins and BitPay quotes a price of .042 bitcoins, well, people aren't stupid. They will pick up on these things, especially if it's a standard practice.
Not only that, but BiyPay's customers (the merchants selling these products) would get pissed off too because it would deter their customers from making purchases, and the merchants might take their business elsewhere, like to Coinbase which offers a similar service.
This post was edited on 10/8/13 at 9:48 am
1
Posted on 10/8/13 at 9:50 am to WikiTiger
How many decimal places did you say they could go out to on bitcoin? You don't think they will slip it in somehow? Because at 5000 business accounts earning them 1.5 million a year, no fricking way I think they get that many customers, but process them for what amounts to nothing.
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