Bitcoin Forum

Economy => Service Announcements => Topic started by: OKPAY on August 03, 2012, 11:27:19 AM



Title: Bitcoin >> OKPAY deposit price drop!
Post by: OKPAY on August 03, 2012, 11:27:19 AM
Dear forum users and guests, we are dropping deposits (and payments) fee on the Bitcoin-to-OKPAY to 5.5% at a current market rate.
Keep tuned! :D


Title: Re: Bitcoin >> OKPAY deposit price drop!
Post by: BkkCoins on August 03, 2012, 12:11:06 PM
You seem to have an interesting debit card deal. Can users deposit BTC and then access the USD funds from an ATM? Or maybe I'm not understanding something. What exchange rate is used for BTC-USD?


Title: Re: Bitcoin >> OKPAY deposit price drop!
Post by: unclescrooge on August 03, 2012, 12:13:18 PM
Ok that is interesting :)


Title: Re: Bitcoin >> OKPAY deposit price drop!
Post by: Spekulatius on August 03, 2012, 12:39:00 PM
Dear forum users and guests, we are dropping deposits (and payments) fee on the Bitcoin-to-OKPAY to 5.5% at a current market rate.
Keep tuned! :D


Still waaay to steep fees


Title: Re: Bitcoin >> OKPAY deposit price drop!
Post by: mindphlux on August 03, 2012, 01:21:57 PM
In reality, the fee is much higher than the stated 5.5%

Example: Current buy price for USD on OKPay:     9.817481  USD
Current last price on mtgox: 10.50 USD

Difference: 6.5%

The fees are way to high to consider this. Why is the fee so high? It should be a maximum of 3%, then it'd be acceptable.



Title: Re: Bitcoin >> OKPAY deposit price drop!
Post by: paraipan on August 03, 2012, 01:23:05 PM
Dear forum users and guests, we are dropping deposits (and payments) fee on the Bitcoin-to-OKPAY to 5.5% at a current market rate.
Keep tuned! :D


Still waaay to steep fees

+1 yep have to agree, 5.5% is a bit high for most of us, especially when mtgox charges 0.6% for exchages and 1% to withdraw into okpay


Title: Re: Bitcoin >> OKPAY deposit price drop!
Post by: MagicalTux on August 03, 2012, 02:00:00 PM
+1 yep have to agree, 5.5% is a bit high for most of us, especially when mtgox charges 0.6% for exchages and 1% to withdraw into okpay

Except our OkPay queue is currently a bit lagged (this will be fixed eventually, for now we are focusing on getting Dwolla back while handling Bitcoinica while handling legal issues and so many other things).


Title: Re: Bitcoin >> OKPAY deposit price drop!
Post by: barrymac on August 10, 2012, 01:59:26 PM
This doesn't seem very competitive even with traditional currency exchange methods


Title: Re: Bitcoin >> OKPAY deposit price drop!
Post by: DeathAndTaxes on August 10, 2012, 03:21:40 PM
Wait so it is 5.5% load fee + 1% withdraw fee + 0.6% exchange trading fee = 7.1%.   ???

This is the lower price what was it before?


Title: Re: Bitcoin >> OKPAY deposit price drop!
Post by: Nicolai Larsen on August 24, 2012, 07:57:40 PM
Still got a long way to go ;)