Quote:
Originally Posted by Barry-xlovecam
Based on what exchange rate?
The is no Forex rates Bitcoins are not currency.
0.5% matters at our volume.
That is $5,000 per million. In reality, Bitcoin sales volume would be chump change for us.
Might as well accept magic beans or goats ... |
Dear Barry-Xlovecam,
I hope I am not misunderstanding you, but I think you are confused by this whole BitCoin payment thing. To be honest all lot of people are, even though it is pretty simple. At some point in time, the light bulb turns on in our brain, and we have that "ah - I get it now" moment.
When you sell cam credits for 20, 50 or 100 EUR or USD to the consumer, you will receive 20, 50 or 100 EUR or USD as payment. The only function payment processors like GoCoin have, is to convert the currency that the consumer chooses to pay in, into the currency you the merchant require.
How much are you paying in processing fees now, using the other traditional methods of payment? Maybe 7, 9, 11, 13%. Consider the fact that processing fees for digital currencies is about 1%.That is a HUGE difference Barry.
Last night I read that there is something like 7 BILLION dollars in Bitcoin that people are sitting on. That is a HUGE. They are eager to spend it somewhere.
Also think about the % or dollar amount of chargebacks that you have annually. Those losses don't exist on transactions connected to digital currencies. There is ZERO chargebacks.
Barry would you mind sending me your email address please. Mine is
[email protected]. I might have it, but just in case. I would love to talk to you about recovering your company's existing chargebacks. We offer a no recovery - no cost solution.
Bye.
Sabrina