Shopify Merchants Can Now Accept Bitcoin

Re:Shopify Merchants Can Now Accept Bitcoin by sheetjs on Wednesday November 27, 2013 @11:33AM (#6809066)

> You can choose to receive your payments in Bitcoins (paid into your Bitcoin wallet) or paid in your local currency directly into your bank account every business day.

If you choose to receive local currency, what rate do you receive? Are you guaranteed a rate? Does it fluctuate daily (and as a result, can you quote prices so that they change daily as well?) and do you know the rate in advance?

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Re:Shopify Merchants Can Now Accept Bitcoin by pushrax on Wednesday November 27, 2013 @11:33AM (#6809076)

https://bitpay.com/bitcoin-exchange-rates

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Re:Shopify Merchants Can Now Accept Bitcoin by sheetjs on Wednesday November 27, 2013 @11:40AM (#6809138)

Yes, they note that they use bitpay on the website:

> Our new Bitcoin integration is available through BitPay and can be used alongside other payment services, like Shopify Payments and PayPal.

But they don't mention whether there are any service fees added by Shopify

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Re:Shopify Merchants Can Now Accept Bitcoin by brianalkerton on Wednesday November 27, 2013 @11:45AM (#6809184)

We treat Bitpay transactions the same as any other in terms of fees/pricing. There's a 1% or 2% transaction fee on plans with lower monthly fees, but those are waived if you use Shopify Payments for credit card acceptance (even on Bitpay transactions).

A better breakdown can be found here: http://www.shopify.com/pricing

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Re:Shopify Merchants Can Now Accept Bitcoin by sheetjs on Wednesday November 27, 2013 @11:57AM (#6809290)

That would be something useful to note on the website

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