3 ms·
I am really excited for the application of bitcoin to micro transaction and tipping/donation services. Typically with Paypal you pay a 2.9% + $.30 fee for every
by canvia 13y ago
I am really excited for the application of bitcoin to micro transaction and tipping/donation services. Typically with Paypal you pay a 2.9% + $.30 fee for every transaction. With donations and other transactions in the $2 range that equates to a $.35 or 17% overhead. With bitcoin you can pay 1%, or even a flat monthly fee if you do a large volume. The cost savings enable a variety of occupations that would otherwise be uneconomical.
This is better for the consumer because they have an increased variety of entertainment options that they can have the satisfaction of supporting, and it's better for the person receiving the bitcoin because of lower fees.