I'm considering setting up an account at Mt. Gox to accept bitcoins as payments on my web site. I'm wondering about the actual fees that are required to convert those to dollars and get them into my U.S. bank account. Their merchant page at
https://mtgox.com/merchant says this:
"Never be forced to handle a single Bitcoin with our Instant Sell function and cash out into sixteen different currencies"
Say I use this feature and I list a product at $100.00 USD. I'm assuming they will display that along with the equivalent bitcoin amount. The customer pays that. Now is there exactly $100.00 USD in my account or has some fee been deducted? Or did the customer get charged a fee? If not, how does Mt. Gox make money?
Now once dollars are in my account, it appears that I can transfer them to a Dwolla account for only 25 cents per transfer and then from there to my bank account for free, is that correct?
