are things cheaper if I pay through my bitcoin wallet than using my debit?

[Naer]

cigs for example

trying to find reasons to take it out of my current bank to put it into BTC

[1715490444]

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[1715490444]

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[1715490444]

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[1715490444]

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[LiteCoinGuy]

some vendors will give you a discount when you pay via BTC.

and also you support the idea behind bitcoin

[bornil267645]

In some cases.

[cryptworld]

that will depend on the seller conditions
in fact the card company set them a fee of 0.XX % and for them it is cheaper to accept bitcoin

[twiifm]

Try it and report back.  Personally i found bitcoin a PITA to use

[bigbeninlondon]

I use Gyft when possible; 3% back makes me happy.

[xkeyscore89]

Today, no. It will likely actually cost a little bit more because of exchange fees. Some time in the future: yes because stores will realize the cost savings associated with accepting bitcoin and will giving customers an incentive to use bitcoin via discounts and promotions

[dothebeats]

There are some merchants who give discounts to those who pay in btc. There are also numerous options out there if you still want to use btc instead of your card, like buying a gift card etc.

[sandykho47]

Some service give discount if pay with BTC
And the BTC fee transaction is small compared to bank/credit card/paypal
And some cheap service only offered with BTC (is what i found)

And you can use BTC for investment

There are some merchants who give discounts to those who pay in btc. There are also numerous options out there if you still want to use btc instead of your card, like buying a gift card etc.

If i'm right, g*ft.com right  . They give discount -3% if you use BTC

[richardramirez9]

Yeah , its also more anonymous.

[botany]

cigs for example

trying to find reasons to take it out of my current bank to put it into BTC

Can you convert your fiat into BTC without paying exchange/transaction fees?

[trader001]

My impression is it is more expensive to use btc than using fiat. And I have to constantly worry about getting scammed or non-delivery.

Still do not see the advantage of using btc compare to traditional bank system.

[5 Guys Burgers]

cigs for example

trying to find reasons to take it out of my current bank to put it into BTC

i think using gyft is the best thing to use, try now!

[TheButterZone]

No, because bitcoin depreciates far more every day than fiat now.

[wasserman99]

Not yet, but they will be as merchants realize the cost savings associated with accepting bitcoin, especially with industries that have high risk of fraud and chargebacks.

There is already mechanisms in place to allow for merchants to give customers a discount in exchange for paying in bitcoin. Coinbase for example allows merchants to offer as much as a 25% discount. 

[odolvlobo]

Does your debit card company charge you fees? Many do.

[master-P]

Does your debit card company charge you fees? Many do.

I wouldn't say that your bank will charge you for a debit card, but the associated bank account will likely charge you a number of fees if you do not have enough money to carry a large balance in the account.

[Razick]

Today, no. It will likely actually cost a little bit more because of exchange fees. Some time in the future: yes because stores will realize the cost savings associated with accepting bitcoin and will giving customers an incentive to use bitcoin via discounts and promotions

The problem with this idea is that payment networks such as Visa and Mastercard typically require merchants to agree that they will treat all payment methods the same. That's why, despite fees on credit card transactions, merchants don't offer discounts for using cash.

[qwerty555]

Currently the big cost advantage in using bitcoin is in a) remitting fiat abroad and b) spending money abroad.

For retail purchases we are not yet at a significant cost advantage and in many cases it costs a little more but most in the industry are working toward the day that it will be cheaper to buy our groceries using bitcoin.


http://www.moneysavingexpert.com/travel/overseas-card-charges

excluding exchange rate spread in most cases

vs

https://bitcointalk.org/index.php?topic=736643.msg8336962#msg8336962



http://www.theguardian.com/hifx-money-transfers/sending-money-abroad-time-to-ditch-your-bank

If you are buying $50,000 of goods from another country saving 2-4 % is a big deal

[itsAj]

Today, no. It will likely actually cost a little bit more because of exchange fees. Some time in the future: yes because stores will realize the cost savings associated with accepting bitcoin and will giving customers an incentive to use bitcoin via discounts and promotions

The problem with this idea is that payment networks such as Visa and Mastercard typically require merchants to agree that they will treat all payment methods the same. That's why, despite fees on credit card transactions, merchants don't offer discounts for using cash.

As a result of a recent settlement with VISA and MC, they are no longer able to include these clauses or enforce existing ones. Merchants are able to post separate prices for paying with a credit card verses paying in cash (or bitcoin, or any other payment method).