Funny you chose the absolute most expensive credit card merchant. True fees among Mastercard and Visa for example are closer to 1.5 percent for any but the smallest vendors.
I'm old. I always have a wrist watch but I don't carry my phone everywhere. I remember a kid explaining the apple watch to me. One of the features was if you wanted to know the time you just looked at your wrist instead of having to take your phone out of your pocket. Different generations.
I highly doubt that. Let's see once they get started what the btc price will be and what spread to fiat they will build in. I am almost 100% there will be a spread charged, not the midprice that can be transacted on an exchange. Visa and MC, however charge absolute mid point rates for foreign currency purchases. At least in my HSBC premier card.
Sure if there was one single worldwide btc price to different fiat ccys. There is not. I can show you 10 different btc/usd price feeds all tradable prices, all different. They can easily shave off many basis points by choosing the to them most advantageous exchange/price feed. Cash FX trades worldwide within single digit pip spreads. That's 1/10000 of a percent.
I agree in that it would be a huge risk for that crypto service to manage in exchange for only 1%. I don't want to be Breitling and lose 2 days of worldwide sales in case this payment processor goes tits up.
You're being overly negative with no basis whatsoever. Again, Bitpay has been around since 2011. I think they've been through it all by this point and they are still around and doing fine.
My mind is slowing tonight, and I keep thinking about Swatch, and Shark Tank, I have no idea why. Sorry.
That still pales in comparison with the established payment system via credit cards. The many hacks, security flaws and other technology glitches at many exchanges and service providers and transaction points only prove that this system is anything but trustworthy.
Yes but not the 2 or 3 percent you quoted. And the 1% you mention is only the fixed charge to the seller. The btc price they quote to the customer is for sure not a mid price average of all btc/xyz feeds but most likely a to them most advantageous quote that adds on top of the 1%