[2014-05-22] Croatian Yacht Charter Company Turns to Bitcoin

[BTCat]

... as Credit Card Fees Prove Too Expensive.

Proudly displaying the bitcoin logo on their homepage, Yacht-Base is allowing their customers to now make payments for sailboats, motor boats, catamarans, luxury yachts, and more thanks to a connection with BitPay.

http://newsbtc.com/2014/05/21/croatian-yacht-charter-company-turns-bitcoin-credit-card-fees-prove-expensive/

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[bryant.coleman]

They understand the logic perfectly. For low-margin businesses, the Visa / Master fees can sometimes prove prohibitively expensive. Imagine a business, where the profit margin is around 5%. Visa charges 3-5% in fee, and that leaves the merchant with hardly any profit.