Re:Bitcoin Blows Past $9,000
by thisacctforreal on Monday November 27, 2017 @12:09AM
(#15784998)
With Stripe it would have cost $2.33, at 2.9% + $0.30
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Though it wouldn't have taken hours, potentially up to a day, to complete the transaction.
It takes 90-180 days for a credit card transaction to clear, while it takes a bitcoin transaction ~10 minutes. You’re comparing the wrong thing. Retailers typically just eat the CC chargeback fraud costs, while bitcoin stores don’t (because the transaction clears pretty fast anyway).