Bit-Pay.com / Super Boost for Bitcoin Economy - page 3.

bitrebel

sr. member

Activity: 364

Merit: 251

Quote from: Rogue Star on July 28, 2011, 01:17:23 AM

Quote from: bitrebel on July 28, 2011, 12:51:29 AM

I think it's a bunch of fucking bullshit and a rip off of the bitcoin community.
Isn't it already a bunch of crap that we pay 3& to credit card companies. They claim to charge that for their "highly protective, massively fraudulent services that use thousands of computers and office buildings thousands of employees etc etc etc.

So why are we expected to pay these guys 2% of every transaction to use this service as a merchant?
What did they do, besides write a simple program, which should give them 2% off all merchants fees? What do they do that qualifies this HUGE EXORBITANT FEE from these guys? I don't get it. I call this a bunch of baloney

I hope another one comes along next month and moves these guys down 2 notches.

Dude, they are a start-up, they need to pay off their initial costs, streamline their offerings, and above all turn in a profit. I don't know bit-pay's fee structure, but if they make it easy for merchants to start using Bitcoins by providing a great service, it's good for everyone. Also, from what I've heard on these forums the credit card companies basically make money every time there is fraud by charging merchants out the ass, so they aren't using their percentages primarily for that purpose. There's no reason competition can't fix the fee "problem" as usage goes up. From what I remember they offer Bitcoin directly to cash equivalent conversions, so those definitely have real costs that need to be covered. Some form of fee seems reasonable at this point and if merchants are willing to pay, that's their prerogative.

Maybe i'm being a little harsh on them, but they are ripping off the bitcoin community, plain and straight.
I'm not a programmer, but I have had dozens of websites in the past, and I happen to know for a fact that what they are doing is SIMPLE. Plain and SIMPLE. It's a great service they are providing, but they are taking ZERO risk, and they are doing VERY LITTLE to warrant a 2% merchant fee. I, for one, will absolutely not use them.

Rogue Star

member

Activity: 89

Merit: 10

Quote from: bitrebel on July 28, 2011, 12:51:29 AM

I think it's a bunch of fucking bullshit and a rip off of the bitcoin community.
Isn't it already a bunch of crap that we pay 3& to credit card companies. They claim to charge that for their "highly protective, massively fraudulent services that use thousands of computers and office buildings thousands of employees etc etc etc.

So why are we expected to pay these guys 2% of every transaction to use this service as a merchant?
What did they do, besides write a simple program, which should give them 2% off all merchants fees? What do they do that qualifies this HUGE EXORBITANT FEE from these guys? I don't get it. I call this a bunch of baloney

I hope another one comes along next month and moves these guys down 2 notches.

Dude, they are a start-up, they need to pay off their initial costs, streamline their offerings, and above all turn in a profit. I don't know bit-pay's fee structure, but if they make it easy for merchants to start using Bitcoins by providing a great service, it's good for everyone. Also, from what I've heard on these forums the credit card companies basically make money every time there is fraud by charging merchants out the ass, so they aren't using their percentages primarily for that purpose. There's no reason competition can't fix the fee "problem" as usage goes up. From what I remember they offer Bitcoin directly to cash equivalent conversions, so those definitely have real costs that need to be covered. Some form of fee seems reasonable at this point and if merchants are willing to pay, that's their prerogative.

Serge

legendary

Activity: 1050

Merit: 1000

Quote from: bitrebel on July 28, 2011, 01:07:49 AM

I already complain about all that other shit, yes, so it's due and just. I can complain all I want to. That's part of what makes this country great.

I think whatever amount you get paid for whatever that you do for work you are being overpaid because someone somewhere else makes much less doing similar job - don't you find this comment stupid? that's how yours sounded, no offence.

why do you care how much someone else is charging, they are not forcing you to use it and not ripping you off. you may think they ripping others off, but if others find their service useful and great they can justify the cost. additionally if bitpay going to do payouts in USD, they need a buffer on exchange rate.

and btw you clearly have no idea what it takes to develop a service and to work on new features & support. - it costs money and then it needs to be profitable.

bitrebel

sr. member

Activity: 364

Merit: 251

Quote from: Serge on July 28, 2011, 01:01:50 AM

bitrebel, noone makes you use the service, or does someone hold a gun to your head and says you must or else?
they can charge whatever they want

do you complain that apple charges $500-600 for their iphones/ipad produced with cheap labor in china, or that luxury cars cost premium? ftw?! go complain about ebay taking 10% of a sale lol

I already complain about all that other shit, yes, so it's due and just. I can complain all I want to. That's part of what makes this country great.

Serge

legendary

Activity: 1050

Merit: 1000

bitrebel, noone makes you use the service, or does someone hold a gun to your head and says you must or else?
they can charge whatever they want, this is a free market after all. their fee could make or break them depending on quality of service and demand. plus their fee leaves enough room for new competition. business 101. if it's not profitable for them they have no reason to run it and develop it further. try doing something like that yourself.

do you complain that apple charges $500-600 for their iphones/ipad produced with cheap labor in china, or that luxury cars cost premium? ftw?! go complain about ebay taking 10% of a sale lol

Meatpile

sr. member

Activity: 277

Merit: 250

Haha if you don't like the service don't use it, but 2% is hardly unreasonable. If it is so easy, then make a competitor and charge whatever you want.

bitrebel

sr. member

Activity: 364

Merit: 251

I think it's a bunch of fucking bullshit and a rip off of the bitcoin community.
Isn't it already a bunch of crap that we pay 3& to credit card companies. They claim to charge that for their "highly protective, massively fraudulent services that use thousands of computers and office buildings thousands of employees etc etc etc.

So why are we expected to pay these guys 2% of every transaction to use this service as a merchant?
What did they do, besides write a simple program, which should give them 2% off all merchants fees? What do they do that qualifies this HUGE EXORBITANT FEE from these guys? I don't get it. I call this a bunch of baloney

I hope another one comes along next month and moves these guys down 2 notches.

Rogue Star

member

Activity: 89

Merit: 10

Quote from: BitPay Business Solutions on July 27, 2011, 10:38:15 PM

Can anyone update the list of "Shopping Carts" on the wiki and add Bit-Pay? I can't see how to do that.

I've added a boilerplate page to the wiki and linked it to the "Shopping Carts" category. I didn't take the time to fill out any of the content. I might squeeze in some basic info before I go to bed.

https://en.bitcoin.it/wiki/Bit-pay

geek-trader

sr. member

Activity: 294

Merit: 250

Quote from: elements on July 28, 2011, 12:05:41 AM

sigh. then don't. the economy will probably survive without bitkamikaze using bit-pay.

BTW you don't need to watch the show. it is so easy that you will understand it on the fly anyway if you have created your own sites.

I'm not the Kamikaze developer OR the King Of The Mountain developer, I'm just a degenerate gambler. Grin

But, I am a developer for the past 13 years, and I can speak for developers when I say we want written documentation, BEFORE we register, or we're not going to use you.

And the Bit Pay site does not have this, or at least does not have it where I can easily find it.

If you DO have it, put it out front! If you don't have it, get it. Trust me, this is important. Example code. Test beds. "real" merchant APIs have this.

elements

full member

Activity: 182

Merit: 100

sigh. then don't. the economy will probably survive without bitkamikaze using bit-pay.

BTW you don't need to watch the show. it is so easy that you will understand it on the fly anyway if you have created your own sites.

geek-trader

sr. member

Activity: 294

Merit: 250

Quote from: Bitcoin Swami on July 27, 2011, 11:13:01 PM

Quote from: geek-trader on July 27, 2011, 10:57:43 PM

Your website is a bit slim on the details (no sound here, so I have not watched the video. I tend not to watch video. You may find that developers tend to not watch video, we like to read.)

I have a website that sells stuff. I use PayPal shopping cart. Can I do a similar thing with Bit Pay? The PayPal shopping cart is dead simple to implement.

alternately:

I am transitioning my site to Wordpress. Is there a Wordpress plugin for Bit Pay?

Thanks!

Bruce did it step by step on the bitcoin show today and it looked hella easy. Just like paypal but with alot more cool features.

an HOUR! Seriously? This is why I read. Give me a transcript of that show and I'll read it in 10 minutes or less.

Look, Bit Pay. Give me written documentation, or I (and other developers) wont use you. It's that simple.

[edit - I implemented PayPals shopping cart in an hour. I'm not watching an hour long video ]

BitPay Business Solutions

hero member

Activity: 742

Merit: 500

Quote from: GideonGono on July 27, 2011, 11:34:42 PM

@bit-pay

You might want to look into changing your logo. Paypal isn't a nice business and may sue you.

EDIT: Just watched the video, your service sounds great.

Thanks. We have a designer working on a new logo. In fact we had a little beauty contest last night with lots of color options.

elements

full member

Activity: 182

Merit: 100

I don't see the similarities you see. Why would paypal sue bit-pay?

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

@bit-pay

You might want to look into changing your logo. Paypal isn't a nice business and may sue you.

EDIT: Just watched the video, your service sounds great.

GeniuSxBoY

hero member

Activity: 616

Merit: 500

I watched the video and they are a liiiiiiiiiiiiittle too liberal on the "Eliminates fraud" jargon.

It doesn't eliminate fraud, it eliminates the buyer being able to "renig" on his transaction. A fraudster can still pay with stolen bitcoins.

geek-trader

sr. member

Activity: 294

Merit: 250

Quote from: Bitcoin Swami on July 27, 2011, 11:13:01 PM

Quote from: geek-trader on July 27, 2011, 10:57:43 PM

Your website is a bit slim on the details (no sound here, so I have not watched the video. I tend not to watch video. You may find that developers tend to not watch video, we like to read.)

I have a website that sells stuff. I use PayPal shopping cart. Can I do a similar thing with Bit Pay? The PayPal shopping cart is dead simple to implement.

alternately:

I am transitioning my site to Wordpress. Is there a Wordpress plugin for Bit Pay?

Thanks!

Bruce did it step by step on the bitcoin show today and it looked hella easy. Just like paypal but with alot more cool features.

Topic: Bit-Pay.com / Super Boost for Bitcoin Economy - page 3. (Read 8212 times)