Bitcoin and Jewelry
Press Release: Verichannel, LLC announced today it had entered into an agreement with Coinapult, one of the leaders in Bitcoin payment processing, to bring a broad range of Bitcoin services to retail jewelers.
Under the terms of the relationship, Verichannel is able to offer retail stores and etailers the ability to accept Bitcoin as they would Visa or PayPal, and receive U.S. dollars directly into their bank accounts, without having to touch the Bitcoins themselves. Unlike credit cards or PayPal, Bitcoin transactions are not reversible. And through its partnering relationship with Coinapult, Verichannel is able to offer retail jewelers in the U.S. a negotiated fixed-fee of $3 per transaction, total. The fee is slightly higher outside the U.S.
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