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You write: "Would you use a credit card if you had to pay 4% more than if you paid in cash? " That is exactly what happens today on the real world. If you make
by clueless123 13y ago
You write:
"Would you use a credit card if you had to pay 4% more than if you paid in cash? "
That is exactly what happens today on the real world. If you make it convinient for me to use your "credit card", I will use it, and because of that, vendors pay the 4% fee. All paypal needs to do is to make it easy (at non bitcoin vendors for example) for me to spend my bitcoins and I will use it. Vendors will fall in line because they want my business.
The above said.. IMHO, there is no way in hell that "the man" will allow bitcoin in its current form to prosper (at least not without a heck of a fight), as to much visibility & control would be lost.
- vlasta2 13y agoToday, the buyer does not experience the fee. Sellers accept it, because the middle man gives them no other choice. With bitcoins, the middle man has no leverage anymore as the buyer and the seller can interact directly. That was my point.
- Domenic_S 13y agoThe buyer does experience the fee in the form of increased price. They just don't notice it because it's baked in. Anyone who buys stuff at the grocery store in cash is financing other people's rewards points. Ever wonder why Arco is the cheapest gas?
- analog 13y agoIn some cases you can end up paying a charge for using a credit card. Low cost airlines are an example. EasyJet adds a 2.5% surcharge for credit cards. People still use them. http://www.easyjet.com/book/paymentoptions http://www.easyjet.com/book/paymentoptions