2013-04-22 NY Post - E Cash biz: Yes we scan

[kiko]

http://www.nypost.com/p/news/local/cash_biz_yes_we_scan_f5eyg0TzPfoxUt8gZgrH0O

Nice coverage of Charlie and co.'s bar in New York taking bitcoins.

Will that be cash, charge or robo-money?

After years of being relegated to a seedy online market, Bitcoin is creeping into the mainstream — including a Midtown lounge that began accepting the digital currency as a method of payment recently and has since racked up $7,000 in electro-cash revenues.

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[kiko]

They took cameras too: https://www.youtube.com/watch?v=J5D7IltutE8

Yay NY Post!

[beckspace]

$7.000,00 already!

What other bars and restaurants are waiting for?

[internationalaw]

$7,000 is a lot more than I would have imagined in such a short time

[kiko]

I think Charlie drank most of that $7k before the interview, he looked wasted!

[The-Real-Link]

Very cool   Thank you.

[beckspace]

Time for some accounting:

- Bitpay: $7k minus 0,99% = U$ 6.930,70 in merchant's bank account the next day (Zero Fraud Risk);

- Credit Cards: $7k minus 3,70% minus $14 (assuming 140 transactions of U$ 50,00 on average) = U$ 6.727,00 (Risk of Fraud and Chargebacks up to 6 months later).

Basically, U$ 203,70 more and no chargeback risk.

Why not?