Bit-Pay.com / Super Boost for Bitcoin Economy

[Serge]

bitrebel, noone makes you use the service, or does someone hold a gun to your head and says you must or else?
they can charge whatever they want, this is a free market after all.  their fee could make or break them depending on quality of service and demand. plus their fee leaves enough room for new competition. business 101. if it's not profitable for them they have no reason to run it and develop it further. try doing something like that yourself.

do you complain that apple charges $500-600 for their iphones/ipad produced with cheap labor in china, or that luxury cars cost premium?  ftw?! go complain about ebay taking 10% of a sale lol

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[bitrebel]

bitrebel, noone makes you use the service, or does someone hold a gun to your head and says you must or else?
they can charge whatever they want

do you complain that apple charges $500-600 for their iphones/ipad produced with cheap labor in china, or that luxury cars cost premium?  ftw?! go complain about ebay taking 10% of a sale lol

I already complain about all that other shit, yes, so it's due and just. I can complain all I want to. That's part of what makes this country great.

[Serge]

I already complain about all that other shit, yes, so it's due and just. I can complain all I want to. That's part of what makes this country great.

I think whatever amount you get paid for whatever that you do for work you are being overpaid because someone somewhere else makes much less doing similar job  - don't you find this comment stupid? that's how yours sounded, no offence.  

why do you care how much someone else is charging, they are not forcing you to use it and not ripping you off. you may think they ripping others off, but if others find their service useful and great they can justify the cost.  additionally if bitpay going to do payouts in USD, they need a buffer on exchange rate.


and btw you clearly have no idea what it takes to develop a service and to work on new features & support. - it costs money and then it needs to be profitable.

[Rogue Star]

I think it's a bunch of fucking bullshit and a rip off of the bitcoin community.
Isn't it already a bunch of crap that we pay 3& to credit card companies. They claim to charge that for their "highly protective, massively fraudulent services that use thousands of computers and office buildings thousands of employees etc etc etc.

So why are we expected to pay these guys 2% of every transaction to use this service as a merchant?
What did they do, besides write a simple program, which should give them 2% off all merchants fees? What do they do that qualifies this HUGE EXORBITANT FEE from these guys? I don't get it. I call this a bunch of baloney

I hope another one comes along next month and moves these guys down 2 notches.

Dude, they are a start-up, they need to pay off their initial costs, streamline their offerings, and above all turn in a profit. I don't know bit-pay's fee structure, but if they make it easy for merchants to start using Bitcoins by providing a great service, it's good for everyone. Also, from what I've heard on these forums the credit card companies basically make money every time there is fraud by charging merchants out the ass, so they aren't using their percentages primarily for that purpose. There's no reason competition can't fix the fee "problem" as usage goes up. From what I remember they offer Bitcoin directly to cash equivalent conversions, so those definitely have real costs that need to be covered. Some form of fee seems reasonable at this point and if merchants are willing to pay, that's their prerogative.

[bitrebel]

I think it's a bunch of fucking bullshit and a rip off of the bitcoin community.
Isn't it already a bunch of crap that we pay 3& to credit card companies. They claim to charge that for their "highly protective, massively fraudulent services that use thousands of computers and office buildings thousands of employees etc etc etc.

So why are we expected to pay these guys 2% of every transaction to use this service as a merchant?
What did they do, besides write a simple program, which should give them 2% off all merchants fees? What do they do that qualifies this HUGE EXORBITANT FEE from these guys? I don't get it. I call this a bunch of baloney

I hope another one comes along next month and moves these guys down 2 notches.

Dude, they are a start-up, they need to pay off their initial costs, streamline their offerings, and above all turn in a profit. I don't know bit-pay's fee structure, but if they make it easy for merchants to start using Bitcoins by providing a great service, it's good for everyone. Also, from what I've heard on these forums the credit card companies basically make money every time there is fraud by charging merchants out the ass, so they aren't using their percentages primarily for that purpose. There's no reason competition can't fix the fee "problem" as usage goes up. From what I remember they offer Bitcoin directly to cash equivalent conversions, so those definitely have real costs that need to be covered. Some form of fee seems reasonable at this point and if merchants are willing to pay, that's their prerogative.

Maybe i'm being a little harsh on them, but they are ripping off the bitcoin community, plain and straight.
I'm not a programmer, but I have had dozens of websites in the past, and I happen to know for a fact that what they are doing is SIMPLE. Plain and SIMPLE. It's a great service they are providing, but they are taking ZERO risk, and they are doing VERY LITTLE to warrant a 2% merchant fee. I, for one, will absolutely not use them.

[Serge]

if you don't agree with their fee structure, don't use them. simple as that.   who the f#$k are you to tell them what they should charge ?

i think you are misunderstanding their service and who they are really targeting, they introduce their service here, but they are going mainstream with it - at least it looks like that from where i'm sitting. their fee is fine imho.

[Serge]

its the same in my business..  some lowballs think i should charge 200 dollars for something but they expect weeks worth of full time work. lolz

[bitrebel]

if you don't agree with their fee structure, don't use them. simple as that.   who the f#$k are you to tell them what they should charge ?

i think you are misunderstanding their service and who they are really targeting, they introduce their service here, but they are going mainstream with it - at least it looks like that from where i'm sitting. their fee is fine imho.

Use them then, and don't complain about people complaining.

[Serge]

Use them then, and don't complain about people complaining.

if you are free to complain about service that you are not going to use then i'm free to point out how stupid that is
healthy competition will set what is fair price for such service, not you complaining.  and btw running couple of sites does not equal running a service as a serious business. completely different costs. apples & oranges.

[bitrebel]

if you don't agree with their fee structure, don't use them. simple as that.   who the f#$k are you to tell them what they should charge ?

i think you are misunderstanding their service and who they are really targeting, they introduce their service here, but they are going mainstream with it - at least it looks like that from where i'm sitting. their fee is fine imho.

Use them then, and don't complain about people complaining.

if you are free to complain about service that you are not going to use then i'm free to point out how stupid that is
healthy competition will set what is fair price for such service, not you complaining.  and btw running couple of sites does not equal running a service as a serious business. completely different costs. apples & oranges.

They aren't running a serious business, YET. That's my point!

[Serge]

They aren't running a serious business, YET. That's my point!

your point is that everything must be offered free to you on a silver plate - we get it.

You have no slightest clue what it takes to run a business, have staff on payroll, do the support, be up and up on legal side, continue development, cover office expenses, do marketing and somehow grow and be profitable.    

take dwolla for instance they thought they could beat paypal with cheap transactions, they didn't have any clue about risks involved with fraud. guess what will happen next? if they want to stay in business they will up their fees.

before your can voice your opinion you should finish college at least. and since you didn't get it the first time: it's none of your business how others run their businesses.

[bitrebel]

if you don't agree with their fee structure, don't use them. simple as that.   who the f#$k are you to tell them what they should charge ?

i think you are misunderstanding their service and who they are really targeting, they introduce their service here, but they are going mainstream with it - at least it looks like that from where i'm sitting. their fee is fine imho.

Use them then, and don't complain about people complaining.

if you are free to complain about service that you are not going to use then i'm free to point out how stupid that is
healthy competition will set what is fair price for such service, not you complaining.  and btw running couple of sites does not equal running a service as a serious business. completely different costs. apples & oranges.

They aren't running a serious business, YET. That's my point!

your point is that everything must be offered free to you on a silver plate - we get it.

You have no slightest clue what it takes to run a business, have staff on payroll, do the support, be up and up on legal side, continue development, cover office expenses, do marketing and somehow grow and be profitable.   

take dwolla for instance they thought they could beat paypal with cheap transactions, they didn't have any clue about risks involved with fraud. guess what will happen next? if they want to stay in business they will up their fees.

before your can voice your opinion you should finish college at least. and since you didn't get it the first time: it's none of your business how others run their businesses.

You assume a whole bunch of baloney

[Serge]

You assume a whole bunch of baloney

if community too stupid to realize they are being ripped off, not saying it's true in this case, then such community deserves to be ripped off - my point is if people will find their fees outrageous, they simply won't signup to such service, don't you agree? so no need to scream and yell how unfair their cost is only because you don't agree with it.  I'm very positive these guys have many inquiries about their service and if its good and easy to use people will pay for it whatever it costs.  plus anyone else can challenge their service and fees with a new competitive service.  what is bad about that to be so outraged with?

[bitrebel]

if you don't agree with their fee structure, don't use them. simple as that.   who the f#$k are you to tell them what they should charge ?

i think you are misunderstanding their service and who they are really targeting, they introduce their service here, but they are going mainstream with it - at least it looks like that from where i'm sitting. their fee is fine imho.

Use them then, and don't complain about people complaining.

if you are free to complain about service that you are not going to use then i'm free to point out how stupid that is
healthy competition will set what is fair price for such service, not you complaining.  and btw running couple of sites does not equal running a service as a serious business. completely different costs. apples & oranges.

They aren't running a serious business, YET. That's my point!

your point is that everything must be offered free to you on a silver plate - we get it.

You have no slightest clue what it takes to run a business, have staff on payroll, do the support, be up and up on legal side, continue development, cover office expenses, do marketing and somehow grow and be profitable.   

take dwolla for instance they thought they could beat paypal with cheap transactions, they didn't have any clue about risks involved with fraud. guess what will happen next? if they want to stay in business they will up their fees.

before your can voice your opinion you should finish college at least. and since you didn't get it the first time: it's none of your business how others run their businesses.

You assume a whole bunch of baloney

if community too stupid to realize they are being ripped off, not saying it's true in this case, then such community deserves to be ripped off - my point is if people will find their fees outrages, they simple won't signup to such service, don't you agree? so no need to scream and yell how unfair their cost is only because you don't agree with it.  I'm very positive these guys have many of inquiries about their service and if its good and easy to use people will pay for it whatever it costs.  plus anyone else can challenge their service and fees with a new competitive service.  what is bad about it?

GREED!

[Serge]

GREED!

create similar service and offer it for free. problem solved!

[amincd]

This is an excellent service. I think their fee is very reasonable. They're instantly cashing bitcoin payments out for merchants, thus eliminating volatility risk. For someone who's not well-acquainted with the bitcoin economy and doesn't have an account at an exchange, this makes bitcoins a lot more convenient.

[bitrebel]

This is an excellent service. I think their fee is very reasonable. They're instantly cashing bitcoin payments out for merchants, thus eliminating volatility risk. For someone who's not well-acquainted with the bitcoin economy and doesn't have an account at an exchange, this makes bitcoins a lot more convenient.

Oh...excuse me...I thought they were only routing the bitcoin invoice widget clickthrough from the merchants website through their servers to the end user, then collecting their share, and sending the payment off to the merchant, acting as a practically useless middleman.

I guess I should take another look at it. That's what I gained from the interview. Their POS system looks helpful with the Code and the android mobile phone. But they have a way to go before they are actually providing a real beneficial service for the cost they charge. Maybe I'm wrong, i'll look at it closer.

[Serge]

At the very least they are doing a service to community by offering solution for easy ways of accepting bitcoins everywhere else, and if their service succeeds even at slightest it can only drive value of bitcoin itself.

[Oldminer]

This is huge really

[BitPay Business Solutions]

All of our Documentation is inside the website.  You must apply, and be approved as a merchant, before you can view this.

If you are interested, please fill out the Merchant application on our website.  Thanks!