[2014-07-27] Video: CoinSummit London 2014 - Speeding Consumer Adoption

[LiteCoinGuy]

CoinSummit London 2014 - Speeding Consumer Adoption

https://www.youtube.com/watch?v=GgJ2xKunRU0

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[Chef Ramsay]

One interesting thing about merchants accepting BTC that I knew about but never fully respected was the whole chargeback thing. In addition to the credit/debit cards costing ~3% or so, the fraud departments in these businesses that deal w/ chargebacks actually rack up an additional ~3% or more meaning the actual savings for taking BTC is actually 6-7%. The more companies/corporations that become hip to that or are notified about that when being pitched for BTC acceptance, the better. That's where part or most of the BTC discount can come into play.