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Topic: Launching the Coinsecure Payment Gateway for Bitcoin in India - page 3. (Read 4188 times)

hero member
Activity: 1568
Merit: 502
Great to hear...

Already India's major private bank ICICI already in mood of testing blockchain possibilities for indian economy.


 
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
just wonder would you took some fee for every payments made or from merchant themselves?

We have a tiny part set aside for service costs within our terms with Bitpay.
Every payment will not be charged, the charges occur only when settling to the end merchants account.
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
Plus what is the BTC-INR exchange rate used for conversion into INR.
Is it the last traded price at Coinsecure or is it some other benchmark?

Bitpays rates being used for this.
From what I have seen, they have been steadily lower than Coinsecure prices and a lot more liquid as well.
Based on the charges of final settlements, we may add that cost at a later stage within the accepted percentages itself.
legendary
Activity: 3038
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
good work,now can't waiting big store in india such as flipkart enabling bitcoin as payment gateway,just wonder would you took some fee for every payments made or from merchant themselves?
legendary
Activity: 1358
Merit: 1000
Plus what is the BTC-INR exchange rate used for conversion into INR?
Is it the last traded price at Coinsecure or is it some other benchmark?
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
I had a look at the fee structure.
Isn't the fee of up to 2.5% too high for BTC-INR?
The selling point of using Bitcoin over credit cards is that the middle man is removed, lowering transaction fees.  Undecided


Plus, it does seem to be counterintuitive that you charge higher fees (in percentage terms) when volumes increase? Most large players expect discount in fees because of the larger volumes. You might actually have a company split its volumes into Delhi Branch, Mumbai Branch, etc and benefit from lower fees.  Tongue


1.5% BTC to INR up to 15L a day
2.0% BTC to INR UPTO 30L a day
2.5% BTC to INR UPTO 50L a day


This is not our internal best for sure.
More aligned to terms with BitPay.
As volumes, partnerships and markets grow, we should see this drop as we start using our own liquidity.
legendary
Activity: 1358
Merit: 1000
I had a look at the fee structure.
Isn't the fee of up to 2.5% too high for BTC-INR?
The selling point of using Bitcoin over credit cards is that the middle man is removed, lowering transaction fees.  Undecided


Plus, it does seem to be counterintuitive that you charge higher fees (in percentage terms) when volumes increase? Most large players expect discount in fees because of the larger volumes. You might actually have a company split its volumes into Delhi Branch, Mumbai Branch, etc and benefit from lower fees.  Tongue


1.5% BTC to INR up to 15L a day
2.0% BTC to INR UPTO 30L a day
2.5% BTC to INR UPTO 50L a day
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
wow congrats!
coinsecure is high scale and stock exchange and doing great for landscaping bitcoin in india.this is great thing for Indian.
but why coinsecure don't think to make an app like zebpay to attract users and for also making everything easy?

Now that merchant is done, App will be released as our next piece.
sr. member
Activity: 322
Merit: 250
i am don(ripper's big daddy).i clean scammers.
wow congrats!
coinsecure is high scale and stock exchange and doing great for landscaping bitcoin in india.this is great thing for Indian.
but why coinsecure don't think to make an app like zebpay to attract users and for also making everything easy?
sr. member
Activity: 499
Merit: 250
congrats Benson & coinsecure...
legendary
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
https://pay.coinsecure.in

0 Confirmations for most
Invoices
Simple HTML Payment Buttons
POS Billing
Dashboard
Api
Programming Libraries

So far..
Many more merchant tools coming up soon!

http://blog.coinsecure.in/post/146551410925/coinsecure-partners-with-bitpay-to-provide-payment
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