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Author Topic: The perfect tool for Bitcoin newbies - get them a Deposit Card!  (Read 2745 times)
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Activity: 980
Merit: 1000

Firstbits: Compromised. Thanks, Android!

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January 10, 2012, 02:20:48 AM

The timing of the notifications works just like the regular Bit-Pay accounts.  You can choose to be notified immediately, after 1 confirmation, or after 6 confirmations.  But regardless of your notification setting, the accounting ledger is not updated until 6 confirmations.  Then each day we do a sweep and payout your accumulated balance by ACH direct deposit.  

The fees are 2.99% which includes the sell trade and the ACH, both of which cost us money to execute, but we do it all for the merchant.   They don't have to mess with anything, and they can spend their time running their business.  Smiley

Makes sense. Thanks for the feedback, I seriously think your service will be a catalyst for pushing bitcoin into the mainstream.

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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