Bitpay's new business model... - page 2.

hdbuck

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Quote from: Nancarrow on September 25, 2015, 10:27:13 AM

Quote from: hdbuck on September 25, 2015, 09:47:44 AM

http://trilema.com/2015/time-to-rehash-that-old-strategic-superiority-discussion/

Soooo.. just like VISA...

With bitpay now, merchants will have to pay to use bitcoin as a payment processor..

+ Lmao at this 30 transactions/month threshold..

So much for merchant adoption! Grin

edit: although that would have been a lot of frappucinos to bay back teh VCs! Cheesy

Confused about the snark here.

Why exactly SHOULDN'T merchants have to pay to use a payment processor? Why should Bitpay offer their services to merchants for free?

Or is the idea that, ideologically, the costs "ought" to be borne either by the payment processor, or the purchasers, but not by the merchants? If so I'd need someone to help join the ideological dots for me there, and justify that "ought". It's not at all clear to me that merchants "ought" to be exempt from paying for services rendered to them.

one year ago:

so bitpay is a total failure.

there is not so much merchants nor volume going on over there. (+them noobs got phished $2M Roll Eyes

)

because bitcoin is not meant to compete with visa or paypal.

because "the mass" doesnt care about buying their frappucinos with bitcoin.

because they dont even care about the dollar.

CIYAM

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Ian Knowles - CIYAM Lead Developer

Quote from: Lauda on September 25, 2015, 10:26:08 AM

So far I have 0 places that accept Bitcoin on my daily route. I'm forced to use a CC or cash, it's not a matter of choice at the moment.

Having the choice to use BTC doesn't matter if you don't have BTC.

So where do people get their BTC from (when basically no-one pays you in BTC)?

Perhaps we are talking ad-sig posting - so you can afford 1 coffee per month then? Cheesy

No-one is going to go through all the hoops (and fees) to acquire BTC just to spend it on something when in fact they are charged the same price (which is the case with the vast majority of places that let you pay using BTC at the moment).

There is simply *no benefit to the consumer* (the only benefit is either to the merchant or to the payment provider).

Nancarrow

hero member

Activity: 492

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Quote from: hdbuck on September 25, 2015, 09:47:44 AM

http://trilema.com/2015/time-to-rehash-that-old-strategic-superiority-discussion/

Soooo.. just like VISA...

With bitpay now, merchants will have to pay to use bitcoin as a payment processor..

+ Lmao at this 30 transactions/month threshold..

So much for merchant adoption! Grin

edit: although that would have been a lot of frappucinos to bay back teh VCs! Cheesy

Confused about the snark here.

Why exactly SHOULDN'T merchants have to pay to use a payment processor? Why should Bitpay offer their services to merchants for free?

Or is the idea that, ideologically, the costs "ought" to be borne either by the payment processor, or the purchasers, but not by the merchants? If so I'd need someone to help join the ideological dots for me there, and justify that "ought". It's not at all clear to me that merchants "ought" to be exempt from paying for services rendered to them.

Lauda

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Activity: 2674

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Terminated.

Quote from: hdbuck on September 25, 2015, 10:08:17 AM

i dont get this perspective. what do you mean by adoption?

bitcoin is, and that is enough, why always this idea that some mass adoption would somehow make bitcoin better?

i'm interested in security and pricing here.
smart people have/will recognize bitcoin's potential, so why should we always PR the shit outta everything? to get as much retards as possible??
live and let live man.. live and let live.

I mean both people and merchants. You're talking about something else entirely. You're talking about Bitcoin as a protocol which would not be improved if there was more adoption. I'm talking about Bitcoin as a payment system or means of transacting money. In order for me to be able to use Bitcoin everyday, we need more merchants who adopt it. So far I have 0 places that accept Bitcoin on my daily route. I'm forced to use a CC or cash, it's not a matter of choice at the moment.

worhiper_-_

hero member

Activity: 700

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So the 30 million in VC funds evaporated? So many bad news for bitpay this year, first they cancel their sponsorship, then lay off employees, get hacked for $2m, cut the "free" servicem and now lay off even more employees. Things just seem to be getting worse for them.

snipie

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#SWGT CERTIK Audited

They have to recover their last huge newbie losses.
Apparently they found a way, or not?

GermanGiant

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WoW !!! Mircea Popescu is back. Not only on Trilema, but also on Twitter - https://twitter.com/trilema

Blawpaw

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Quote from: hdbuck on September 25, 2015, 09:47:44 AM

http://trilema.com/2015/time-to-rehash-that-old-strategic-superiority-discussion/

Quote

In an effort to provide better service to our expanding user base, BitPay will be adjusting our pricing plans October 1, 2015. Due to your volume and settlement preferences, we do not believe your account will be drastically affected, but we wanted to make you aware of the changes to our Free Plan.

On October 1st, all Free Plan accounts will be migrated to the Starter Plan, which offers free, instant conversion for 30 transactions per month. If you process more than 30 transactions, a 1% settlement fee will be applied to the additional transactions. The Starter Plan offers weekly settlements in USD and EUR, and daily settlements in BTC. Your processing Tier will not be affected.

The new Business Plan applies a 1% settlement fee and comes with unlimited processing, daily settlements for all supported currencies and additional features, such as Multi-User Organization and access to Premium Integrations. The new fee structure is designed to simplify bookkeeping and enable us to build more features and tools for Business accounts without changing how we price each plan.

The addition of new services for Business and Enterprise plans is part of our continued effort to build the world’s smartest and fastest payment network. Your participation in this ecosystem is a critical part of that vision. We truly value your business and hope that you continue to use BitPay for your bitcoin payment solutions.

You may adjust your settlement and plan preferences at anytime by visiting your Settings in the Dashboard. You can learn more about the new pricing model here: https://bitpay.com/pricing. For account-related questions, please contact [email protected].

The BitPay Team

Soooo.. just like VISA...

With bitpay now, merchants will have to pay to use bitcoin as a payment processor..

+ Lmao at this 30 transactions/month threshold..

So much for merchant adoption! Grin

edit: although that would have been a lot of frappucinos to bay back teh VCs! Cheesy

I dont get it... are They trying to be just as Banks? With this they risk to lose a lot of customers.
We might complain but the truth is that sooner or later this would happen!

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: Lauda on September 25, 2015, 10:00:31 AM

Bitcoin needs as much adoption as it can get.

i dont get this perspective. what do you mean by adoption?

bitcoin is, and that is enough, why always this idea that some mass adoption would somehow make bitcoin better?

i'm interested in security and pricing here.

smart people have/will recognize bitcoin's potential, so why should we always PR the shit outta everything? to get as much retards as possible??

live and let live man.. live and let live.

Abelo

newbie

Activity: 15

Merit: 0

It was to expected eventually. They've got an entire team working with them and the support is excellent.

Lauda

legendary

Activity: 2674

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Terminated.

I can't say that this is unexpected. I have no idea how they though that they could infinitely run a company offering free services while trying to pay everyone and potentially profit? This was bound to happen. Luckily there is still a free tier that can help smaller businesses and the fees are only 1%. Even though I don't support this move, it could be much worse.
Someone has to create another similar company and it has to step up. Bitcoin needs as much adoption as it can get.

hdbuck

legendary

Activity: 1260

Merit: 1002

http://trilema.com/2015/time-to-rehash-that-old-strategic-superiority-discussion/

Quote

In an effort to provide better service to our expanding user base, BitPay will be adjusting our pricing plans October 1, 2015. Due to your volume and settlement preferences, we do not believe your account will be drastically affected, but we wanted to make you aware of the changes to our Free Plan.

On October 1st, all Free Plan accounts will be migrated to the Starter Plan, which offers free, instant conversion for 30 transactions per month. If you process more than 30 transactions, a 1% settlement fee will be applied to the additional transactions. The Starter Plan offers weekly settlements in USD and EUR, and daily settlements in BTC. Your processing Tier will not be affected.

The new Business Plan applies a 1% settlement fee and comes with unlimited processing, daily settlements for all supported currencies and additional features, such as Multi-User Organization and access to Premium Integrations. The new fee structure is designed to simplify bookkeeping and enable us to build more features and tools for Business accounts without changing how we price each plan.

The addition of new services for Business and Enterprise plans is part of our continued effort to build the world’s smartest and fastest payment network. Your participation in this ecosystem is a critical part of that vision. We truly value your business and hope that you continue to use BitPay for your bitcoin payment solutions.

You may adjust your settlement and plan preferences at anytime by visiting your Settings in the Dashboard. You can learn more about the new pricing model here: https://bitpay.com/pricing. For account-related questions, please contact [email protected].

The BitPay Team

Soooo.. just like VISA...

With bitpay now, merchants will have to pay to use bitcoin as a payment processor..

+ Lmao at this 30 transactions/month threshold..

So much for merchant adoption! Grin

edit: otoh that would have been a lot of frappucinos to bay back teh VCs! Cheesy

Topic: Bitpay's new business model... - page 2. (Read 1450 times)