BitPay, PayPal for Bitcoin, raises $510K – already has 2,100 businesses on board

Re:BitPay, PayPal for Bitcoin, raises $510K – already has 2,... by loceng on Tuesday January 08, 2013 @10:42AM (#5026688)

I've never understood the cost to buying bitcoins to begin with. You need to use a credit card I imagine, which will say have a 2.9%+ fee associated with it?

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Re:BitPay, PayPal for Bitcoin, raises $510K – already has 2,... by nym on Thursday January 10, 2013 @03:09PM (#5039424)

One word: Chargebacks.

If someone decides 60 days later that they want to contest the purchase, they can. Usually this screws over the seller, leaving them in the negative.

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Re:BitPay, PayPal for Bitcoin, raises $510K – already has 2,... by flyblackbox on Thursday January 10, 2013 @09:58PM (#5041104)

I am not sure I grasp your point entirely. Could you rephrase or reiterate this idea?

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