Thursday 29 March 2018

From a small business perspective, if the purchase transaction is greater than ~$4.00, I would save money by accepting bitcoin over credit card payments. This is because credit card transactions cost about 5%.


Cash however, is still king, as it as zero fees and will always be prefered, as some purchases within the store only have 5% profit margin. It's not the majority. If I was a "cash only" store, as many businesses are because of small profit margins, what would be some advantages of accepting bitcoin? Or will always just be a competitor to convenient card transactions? via /r/Bitcoin http://bit.ly/2GlErUL

No comments :

Post a Comment