BitPay World’s First Zero Transaction Fee Payment Processor

BitPay World’s First Zero Transaction Fee Payment Processor

[heading]BitPay World’s First Zero Transaction Fee Payment Processing[/heading]

According to its website, BitPay will join CoinBase as a payment processor with zero fees. Currently, Coinbase is using the model towards a merchants’ first one million sales, after which merchants will pay 1% fees. BitPay’s new model, however, asks for $30 per month per merchant, with zero additional fees. This is unprecedented in payment processing space, and will certainly send shockwaves through various payment processing spaces.

Both BitPay and Coinbase represent the world’s first zero-fee payment processors, driving home how revolutionary modern payment methods are.

This certainly must make leading credit card companies nervous, considering their 3% fees and history of high fee debacles:

In July 2012, Visa, MasterCard and several major banks agreed to pay U.S. retailers a record $7.25 billion in penalties to settle a long-lasted lawsuit alleging the card giants conspired to fix so-called “swipe fees” paid by shops and supermarkets.

Swipe fees are levied on retailers for using their cards for each transaction. The fee is deducted by the card’s issuing bank.

 

To be certain, the news is bullish for the Bitcoin price, and will likely not make the impact it should via mainstream financial channels.

Visionaries who invested in BitPay include Trace Mayer, Peter Thiel and Max KeiserTrace and Keiser recommended Bitcoin at $0.05 and $5.00 respectively.

 

9 Comments on "BitPay World’s First Zero Transaction Fee Payment Processor"

    This is very interesting, You’re a very skilled blogger.
    I have joined your rss feed and look forward to seeking more of your magnificent
    post. Also, I’ve shared your site in my social networks!

    Today, I went to the beachfront with my children. I found a sea
    shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.”
    She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear.
    She never wants to go back! LoL I know this is completely off topic but I had to tell someone!

    My spouse and I absolutely love your blog and find the majority of your post’s to be just what I’m looking for.
    can you offer guest writers to write content for yourself?
    I wouldn’t mind producing a post or elaborating on a lot of
    the subjects you write with regards to here. Again, awesome
    weblog!

    I believe everything said made a lot of sense. However, think about this,
    what if you typed a catchier post title? I ain’t suggesting your information is not
    good, but suppose you added a headline that makes people want more?

    I mean BitPay World’s First Zero Transaction Fee Payment Processor
    is a little plain. You could glance at Yahoo’s front page and note how they create
    news headlines to get people to click. You might add a video or a related picture or two to grab readers excited about what you’ve written. In my
    opinion, it might make your website a little bit more interesting.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.