Topic: Fees and payments (Read 784 times)
For product purchases, I often avoid paying via Bitcoin, except when Bitcoin is high. At a lower price, it would be better to avoid it. When the low price is sure to be expensive, this is my experience. And of course, will make a big profit for the seller of the product if later exchange Bitcoin at a high price.
I only use bitcoin to shop online, but I have never had a seller cover the cost of the fee when buying something. It makes more sense for the buyer to pay the fee because the fee is voluntary and not a specific amount. This could even be more of an issue as side-chain/lightning networks emerge.
The high fees have gone down as mining catches up and the system balances out. I did some testing last weekend and was sending $10 USD for about $0.12, a little over 0.1%. Compare than to a credit card which typically costs about 3.0%.
The high fees have gone down as mining catches up and the system balances out. I did some testing last weekend and was sending $10 USD for about $0.12, a little over 0.1%. Compare than to a credit card which typically costs about 3.0%.
about bitcoin fee, i think it was cheap before bitcoin price spiked. but for now,
bitcoin transaction fee i think the most expensive in cryptocurrency.
bitcoin transaction fee i think the most expensive in cryptocurrency.
I wouldn't be too sure about that. Think I've been paying 1 satoshi per byte or less on my transactions for weeks now and still getting the majority of them confirmed within the next block, longest I had to wait was 3 blocks (that comes down to about 120 satoshi per transaction, by the way). At today's price, which has been the highest in a long time, that's something like 0.85 cents. Pretty sure there are several cryptos out there with more expensive fees.
Lowest recommended gas price on Ethereum now for next block confirmation is at 1.2 cents.
I hope that in 5-10 years people will understand all advantages and weaknesses of Bitcoin. People can find a lot of suitable ways how to use it and save their money.
One of the big features of Bitcoin is that it is cheaper than paying with credit cards. Of course currently the Bitcoin fees are very high since it needs scaling so its only cheaper right now if you're buying a couple hundred dollars or more worth of stuff.
Anyways, businesses have hidden the credit card fees from consumers by pricing them in to products and eating the fees. With Bitcoin though, the sender pays the fee. Even if the fee is a lot lower than credit card fees, you're still spending more when using Bitcoin because the the sender pays the fee. This needs to change since businesses already price in fees. I've never bought anything with Bitcoin, so maybe this is already done by newegg and overstock, etc, but do you think retailers will subtract the fee paid from the price of the item when buying with Bitcoin? Do retailers do this now? If this doesn't happen, even if fees go way back down, this would be a terrible user experience if you have to pay a fee on top of the cost of a product when compared to paying with credit card where the fee included in that same sale price.
Everything depends on the bank. I do not pay for using a credit card. I do not use wages like her once a year. It is not so bad. BTC now has high fees. Too high. Anyways, businesses have hidden the credit card fees from consumers by pricing them in to products and eating the fees. With Bitcoin though, the sender pays the fee. Even if the fee is a lot lower than credit card fees, you're still spending more when using Bitcoin because the the sender pays the fee. This needs to change since businesses already price in fees. I've never bought anything with Bitcoin, so maybe this is already done by newegg and overstock, etc, but do you think retailers will subtract the fee paid from the price of the item when buying with Bitcoin? Do retailers do this now? If this doesn't happen, even if fees go way back down, this would be a terrible user experience if you have to pay a fee on top of the cost of a product when compared to paying with credit card where the fee included in that same sale price.
about bitcoin fee, i think it was cheap before bitcoin price spiked. but for now,
bitcoin transaction fee i think the most expensive in cryptocurrency.
bitcoin transaction fee i think the most expensive in cryptocurrency.
Mobile phone payments made easy Specific to the bitcoin market and will not incur any transaction fees in selling or purchasing this cryptocurrency. 
Fees and payments are the also the advantage of bitcoin. It is easier to pay our online purchases unlike using fiat you have to pay for the money transfer services. It is convenient for us since in our generation mobile payment is the easier way to pay.
Currently, the cost of a Bitcoin transaction is very attractive, bitcoin prices are rising again! Hope to increase steadily in the future!
Mobile phone payments made easy Specific to the bitcoin market and will not incur any transaction fees in selling or purchasing this cryptocurrency.
One of the big features of Bitcoin is that it is cheaper than paying with credit cards. Of course currently the Bitcoin fees are very high since it needs scaling so its only cheaper right now if you're buying a couple hundred dollars or more worth of stuff.
Anyways, businesses have hidden the credit card fees from consumers by pricing them in to products and eating the fees. With Bitcoin though, the sender pays the fee. Even if the fee is a lot lower than credit card fees, you're still spending more when using Bitcoin because the the sender pays the fee. This needs to change since businesses already price in fees. I've never bought anything with Bitcoin, so maybe this is already done by newegg and overstock, etc, but do you think retailers will subtract the fee paid from the price of the item when buying with Bitcoin? Do retailers do this now? If this doesn't happen, even if fees go way back down, this would be a terrible user experience if you have to pay a fee on top of the cost of a product when compared to paying with credit card where the fee included in that same sale price.
I suppose in a world without real community, a person's nation can be co-opted as an extension of oneself. Similarly that country's currency is an extension of the nation... And therefore a belief in the infallibility of one's currency translates as a belief in oneself.Anyways, businesses have hidden the credit card fees from consumers by pricing them in to products and eating the fees. With Bitcoin though, the sender pays the fee. Even if the fee is a lot lower than credit card fees, you're still spending more when using Bitcoin because the the sender pays the fee. This needs to change since businesses already price in fees. I've never bought anything with Bitcoin, so maybe this is already done by newegg and overstock, etc, but do you think retailers will subtract the fee paid from the price of the item when buying with Bitcoin? Do retailers do this now? If this doesn't happen, even if fees go way back down, this would be a terrible user experience if you have to pay a fee on top of the cost of a product when compared to paying with credit card where the fee included in that same sale price.
You only need to look at the popularity of cocaine to realise how addictive false confidence can be.
And only look at the prevalence of anorexia or obesity being translated as being a "real woman" to understand that self delusion is far from unusual.
At the time of making your post, bitcoin transaction fee was high, but you can now literally buy a coffee with bitcoin and pay as low as $0.01 as transaction fee. I think the cause of the huge fee was because of the huge growth in the transaction done daily, bitcoin fee is now as low as that of ethereum. The drop did alot of good for companies that accept btc. They are now back on business.
Currently, bitcoin's transaction fees are low compared to banks. Participating in bitcoin via internet helps investors in paying very conveniently by the transaction fee is very low (may be called for free). This is very encouraging news for bitcoin investors in the cryptocurrency market.
I am happy now with the fees compared to the fees last year when bitcoin has really pump. This is the idea fee for me and with this fast transaction more people will benefit and they can adopt without a problem.
Banks charge high fees and transactions are slowly especially on international transactions, bitcoin does the opposite.
Currently, bitcoin's transaction fees are low compared to banks. Participating in bitcoin via internet helps investors in paying very conveniently by the transaction fee is very low (may be called for free). This is very encouraging news for bitcoin investors in the cryptocurrency market.
Nevertheless, the payment by bank cards will be replaced by bitcoin, because bitkoyn requires something like a dumbass to translate the card does not have it any faster with the help of the pass card
Still, payment by bank cards will not be replaced by bitcoin, because bitcoin requires transactions and the card does not.
If the amount you send is too small or your BTC is newly minted, then your transfer is no longer free. Each transaction is assigned a priority, which passes through the old and new levels of the currency, the number of bytes traded, and the number of transactions. In particular, for each input (inputs), the client will first to BTC multiplied by the number of these COINS in the block of time, then the deal will add up all the product divided by the size (in bytes), calculation formula: priority = sum (input_value_in__units * input_age)/size_in_bytes, calculation results if less than 0.576, then the deal will have to pay fees. If you do a lot of small input, and want to free to turn out, then you can add a large amount of large amount of BTC, currency age, it will raise the average priority, which can turn out BTC for free.
One of the big features of Bitcoin is that it is cheaper than paying with credit cards. Of course currently the Bitcoin fees are very high since it needs scaling so its only cheaper right now if you're buying a couple hundred dollars or more worth of stuff.
Anyways, businesses have hidden the credit card fees from consumers by pricing them in to products and eating the fees. With Bitcoin though, the sender pays the fee. Even if the fee is a lot lower than credit card fees, you're still spending more when using Bitcoin because the the sender pays the fee. This needs to change since businesses already price in fees. I've never bought anything with Bitcoin, so maybe this is already done by newegg and overstock, etc, but do you think retailers will subtract the fee paid from the price of the item when buying with Bitcoin? Do retailers do this now? If this doesn't happen, even if fees go way back down, this would be a terrible user experience if you have to pay a fee on top of the cost of a product when compared to paying with credit card where the fee included in that same sale price.
Anyways, businesses have hidden the credit card fees from consumers by pricing them in to products and eating the fees. With Bitcoin though, the sender pays the fee. Even if the fee is a lot lower than credit card fees, you're still spending more when using Bitcoin because the the sender pays the fee. This needs to change since businesses already price in fees. I've never bought anything with Bitcoin, so maybe this is already done by newegg and overstock, etc, but do you think retailers will subtract the fee paid from the price of the item when buying with Bitcoin? Do retailers do this now? If this doesn't happen, even if fees go way back down, this would be a terrible user experience if you have to pay a fee on top of the cost of a product when compared to paying with credit card where the fee included in that same sale price.
You can always ask the payment after deducting the fee. So far, buyers have never objected about the fee for my services. It depends on a lot on the services you are offering. If you are offering something unique with less competition, they will agree to all your terms.
bitcoin transactions fees are quite high, but that is because of bitcoin price itself is high.
on 2009, bitcoin price was less than $1, so the fees low too.
but now, bitcoin price around $6k, no wonder that the fee is high.
bitcoin value is the greatest among all cryptocurrencies.
on 2009, bitcoin price was less than $1, so the fees low too.
but now, bitcoin price around $6k, no wonder that the fee is high.
bitcoin value is the greatest among all cryptocurrencies.
Fee and speed is a weak of BTC
Still there are businesses that promoted least fees or free transactions as a primary feature of Bitcoin.
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