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If all this were true we wouldn't run Credit cards immediately. You'd swipe, and store, and process in bulk later which makes the transactions cheaper to run. M
by drakaal 13y ago
If all this were true we wouldn't run Credit cards immediately. You'd swipe, and store, and process in bulk later which makes the transactions cheaper to run. Most merchant services accounts you can save about 50% if you process daily batches rather than authorizing each transaction instantly.
- Jach 13y agoSounds like a profitable venture for a bitcoin processing company, then. Merchant pays some sort of fee, company promises to eat any double-spends that happen due to accepting on 0 confirms. In fact BitPay already does this for over 12 thousand companies...