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There’s always that one guy: > “That’s my reputation,” Baasiri said. “Gravity fucks the market.” 5% commissions on transactions though, that’s really steep!
by counternotions 5y ago
There’s always that one guy:
> “That’s my reputation,” Baasiri said. “Gravity fucks the market.”
5% commissions on transactions though, that’s really steep!
- landemva 5y agoBusinesses in the developed world pay visa and mc and amex close to 3%.
- plantain 5y agoI wish it was that low, once you account for forex + intermediate processor fees. More like 4-5%.
- phatfish 5y agoFees seem to be capped in the EU since 2015. 0.3% to 1.9% depending on the transaction. https://www.mastercard.co.uk/en-gb/vision/terms-of-use/Interchange.html https://www.mastercard.co.uk/en-gb/vision/terms-of-use/Inter...
- csomar 5y agoNope, 5% means the black market is quite efficient. Black market operates on high-yield since they are illegal, hard to circumvent and usually monopolized by a few.
- Tangokat 5y agoIt's supply and demand. Nobody wants cash, everyone wants cryptocurrency.