for the moment - no
we intend to bring over-the-counter deposits online sometime in the future at which point we will be in a better position to level our pricing directly to beat our competitors.
However, we are offering an instant and online method of buying bitcoins which is quite different from bitinnovate, so essentially, no, we're not in competition with them (or anyone) since no one else is offering the same thing
cheers
Sam
Noted, but I still think as a new service you'd benefit from at least matching their fees.
I'm glad that you're giving Australians another option though. If you drop those fees by even 1 or 2%, you'll probably get more customers.
Best of luck.