Quote:
Originally Posted by DAMNMAN
Why anybody would pay a percentage of the bitcoin transaction to a processor for taking bitcoin is a crazy concept to me. Just get them in your wallet and keep the percentage for yourself. If you want fiat currency, just exchange them when needed. (Fees would then apply.)
Soon we can do it all in bitcoin.  |
We have partnered with BitPay to allow Bitcoin within our single order page. This gives your users one page to choose between credit cards, ACH or Direct Debit (EU), and now Bitcoin. The processing rate is only 1%, the exact same rate we pay BitPay.
By partnering with BitPay we have eliminated many risks involved in trading in Bitcoin, yet still allowing adult sites to use this new payment method. With BitPay the transaction is converted to USD at the time of sale and all merchants are paid in there specified currency(EUR, USD, or GBP), leaving the risks of the Bitcoin market behind.
We have seen a new market open up since moving in this direction, especially in regions where standard banking may be difficult. Or for users who really want an anonymous payment option.