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BitPay Business Solutions (OP)
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March 25, 2013, 03:33:23 PM |
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http://uptweet.com/viewStory?id=1115All processing fees now 0.99% including settlement in any local currency we support.“We chose to celebrate this milestone by rewarding all merchants, large and small, with an across-the-board fee reduction, instead of offering tiered pricing which rewards only the largest merchants,” says Tony Gallippi, co-founder and CEO of BitPay. “We want our merchants to use this fee reduction to offer discounts and incentives to their customers for paying with bitcoin.”
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BitPay : The World Leader in Bitcoin Business Solutions https://bitpay.comDoes your website accept bitcoins? |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Kupsi
Legendary
 Offline
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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March 25, 2013, 03:35:03 PM |
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Great news!!!  |
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jwzguy
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March 25, 2013, 03:38:36 PM |
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That is awesome!
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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March 25, 2013, 03:50:43 PM |
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Awesome news.
Shouldn't this be in Service Announcements though?
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Bees Brothers
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March 25, 2013, 03:52:05 PM |
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Sweet! We've been real happy with your services.
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Zomdifros
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March 25, 2013, 04:03:53 PM |
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Excellent, looks like a very smart move to me.
Also, right now many Bitcoin users rather not pay in bitcoin as they believe it will rise in value, so it's more profitable to pay in fiat. Would it be possible for Bitpay to team up with Coinlab, Bitstamp or other large exchanges, to give people paying in bitcoin the option to instantly buy some extra bitcoins?
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WikileaksDude
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March 25, 2013, 04:12:21 PM |
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Ur getting 1k of new merchants by month :O Thats crazy.
Congratz!
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thefiniteidea
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March 25, 2013, 04:17:52 PM
Last edit: March 25, 2013, 04:29:34 PM by thefiniteidea |
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 Is that possible yet? Just curious. Great news regardless!!! |
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kiba
Legendary
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Activity: 980
Merit: 1014
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March 25, 2013, 04:18:48 PM |
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What was the previous processing fee? 3.5%?
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pof
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March 25, 2013, 04:38:46 PM |
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Is that possible yet? Just curious. Great news regardless!!! They did it! Now it's 0,99%! |
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pof
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March 25, 2013, 04:42:26 PM |
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cho
Full Member
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Activity: 155
Merit: 100
Boar with me
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March 25, 2013, 05:05:14 PM |
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Excellent news
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1KEWxTkXPgfB9MdHJcfyoVnfHRnYEHQJPw
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allthingsluxury
Legendary
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Activity: 1540
Merit: 1029
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March 25, 2013, 05:35:29 PM |
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Wow now those are some amazing currency conversion fee's! That is the same essentially as interbank. Good job guys, I'm a happy customer.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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Gabi
Legendary
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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March 25, 2013, 05:36:48 PM |
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Wow, great job! Who says that with bitcoin you cannot buy anything?  |
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thefiniteidea
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March 25, 2013, 06:40:52 PM |
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Woohoo!!!! This is really incredible!!! Forget all that Cyprus hullabaloo, THIS is the biggest news for Bitcoin's fundamentals all month!!! I think you guys are now undercutting practically every payment processor I've ever heard of!! |
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notme
Legendary
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Activity: 1904
Merit: 1002
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March 25, 2013, 07:00:51 PM |
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Awesome, now I will probably switch back from coinbase for selling. BitPay has always been faster, and now they are cheaper too.
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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March 25, 2013, 07:10:28 PM |
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Awesome, now I will probably switch back from coinbase for selling. BitPay has always been faster, and now they are cheaper too.
wait, so you as an individual can sell BTC via Bitpay? |
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notme
Legendary
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Activity: 1904
Merit: 1002
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March 25, 2013, 07:13:48 PM |
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Awesome, now I will probably switch back from coinbase for selling. BitPay has always been faster, and now they are cheaper too.
wait, so you as an individual can sell BTC via Bitpay? I am a merchant.... I sell trinkets to myself and get USD in my bank the next day. |
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uhoh
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March 25, 2013, 07:17:03 PM |
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Fantastic news, many congratulations to Bitpay.
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EnergyVampire
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March 25, 2013, 07:22:02 PM |
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http://uptweet.com/viewStory?id=1115All processing fees now 0.99% including settlement in any local currency we support.“We chose to celebrate this milestone by rewarding all merchants, large and small, with an across-the-board fee reduction, instead of offering tiered pricing which rewards only the largest merchants,” says Tony Gallippi, co-founder and CEO of BitPay. “We want our merchants to use this fee reduction to offer discounts and incentives to their customers for paying with bitcoin.” This is a great move! Cheers |
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herzmeister
Legendary
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Activity: 1764
Merit: 1007
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March 25, 2013, 07:37:29 PM |
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you guys shouldn't add too much incentive to cash out USD though.  |
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Rothgar
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March 25, 2013, 08:51:26 PM |
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Take that Paul Krugman!!!!
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finway
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March 26, 2013, 01:56:58 AM |
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Does 2M$ include Avalon's 3rd batch ?
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johnyj
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Merit: 1012
Beyond Imagination
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March 26, 2013, 05:19:45 AM |
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Does 2M$ include Avalon's 3rd batch ?
Of course not, Avalon's batch 3 has $3M in value |
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caveden
Legendary
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Activity: 1106
Merit: 1004
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March 26, 2013, 07:52:10 AM |
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you guys shouldn't add too much incentive to cash out USD though. hehe, I thought that too. Congratulations Bitpay. You've just raised the bar significantly. |
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Ente
Legendary
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Activity: 2126
Merit: 1001
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March 26, 2013, 11:27:17 AM |
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Great move, congratulations on the success, BitPay! :-) So, how about accepting Bitcoin (-donations) and receiving Euros via SEPA banktransfer? 0.99% fee, and according to https://bitpay.com/bitcoin-direct-deposit thats it? Conversion and Settlement is offered for no additional charge. Minimum Settlement 20 EUR Payments in Euros are only available to bank accounts in Germany, France, Spain, Italy, Finland, Belgium, and the Netherlands. If I interpret that right - awesome! Is there an option to automatically do a bank transfer whenever 20 Euro are reached? Exciting! Ente |
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minimalB
Donator
Hero Member
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Activity: 674
Merit: 522
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March 26, 2013, 11:30:27 AM |
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Excellent news! Now merchants should have even bigger incentive to take BTC instead of CC.
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cho
Full Member
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Activity: 155
Merit: 100
Boar with me
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March 26, 2013, 01:29:12 PM |
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I was wondering, have you been thinking about offering both "bitcoin payment" and "credit card payment" ? Of course, with a much higher fee on credit cards (I guess you wouldn't be able to keep them low).
You've probably thought about it and ruled out the idea. Just a thought.
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1KEWxTkXPgfB9MdHJcfyoVnfHRnYEHQJPw
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moni3z
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March 29, 2013, 04:26:46 AM |
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So just to clarify: All fees are now 0.99% correct? Because before there was extra fees for settlement outside the US (3.5% for Canada if I remember)
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