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Yes, but I'm saying that there's a standard way to handle it, which is essentially taking the payment at a discount to the market rate in order to give you time
by ig1 14y ago
Yes, but I'm saying that there's a standard way to handle it, which is essentially taking the payment at a discount to the market rate in order to give you time to change it to your own currency without taking a loss.
- wmf 14y agoIf you do that, you'll realize that accepting Bitcoin has higher fees than credit cards. People won't understand this if their identity depends on them not understanding it.
- SlipperySlope 14y agoCoinbase charges only 1% !! I do not know of any credit card that charges the merchant less, when monthly account fees are added in.
- wmf 14y agoYou missed the point. If you (or your payment provider) add, say, 5% padding to account for exchange rate volatility and then you also pay 1% to Coinbase, your total fees are 6% which is way higher than credit cards.