2015-07-16 CD Bitnet Launches 'Instant Approval' Tool for Bitcoin Merchants

[bornil267645]

Payment processor Bitnet has launched an 'Instant Approval' service, reducing the delays faced by merchants as they wait for bitcoin transactions to be confirmed on the blockchain.

http://www.coindesk.com/bitnet-launches-instant-approval-tool-for-bitcoin-merchants/

[Kakmakr]

"When asked about monetisation, Khan said the on-boarding of new clients – attracted by the speedier transactions on offer – would help the payment processor increase its revenue prospects." This means, "We will pull in as much merchants as possible with this free carrot, and when we have a strong user base, we will charge a small fee, because it's not sustainable in the long term. ChangeTip and other services are doing the same thing and people are drawn into this for the initial FREE carrot. ^Woopla^

Free is NEVER Free, there is always a catch somewhere.