In bitcoin the one who sends payment shoulders the transaction fee for miners. Well paying fee for every transactions will always be there because they are helping the two parties on connecting to each other and that would likely be their reward for doing so.
then at the very least transactions should specify whether the fee comes out the amount received (101%) or the amount transferred out (99%). In the old days when you made a mobile phone call it was the person receiving the call who paid. It never really took of until the caller started paying. When you pay by credit card the seller absorbs the 1% the CC company charges. Everything in the shops is 1% more expensive that if CCs didn't exist. Same will happen with BTC.
Topic: Seller pays fee option? (Read 188 times)
In bitcoin the one who sends payment shoulders the transaction fee for miners. Well paying fee for every transactions will always be there because they are helping the two parties on connecting to each other and that would likely be their reward for doing so.
When you pay by card or Paypal the seller pays any fees related to the transaction. Does BTC allow anything similar? It would make it more customer friendly.
Hi there thirdprize! As far as I have explore bitcion and different company, I never had chance to encounter something like that.
Maybe there are company that could develop that kind of transaction, and it become successful there are more people will look after it.
When you pay by card or Paypal the seller pays any fees related to the transaction. Does BTC allow anything similar? It would make it more customer friendly.
Bitcoin doesn't have that option because it is not used for paying, but there might be some 3-rd party payment systems offer it. That is tax. Seller charging taxes for his services/items selling to customers that should be in the invoice paper provided before payment is made.
So far, i din't found it when using Bitcoin as payment for paying bills or charge mobile topup or load balances for my steam last year ago.
So far, i din't found it when using Bitcoin as payment for paying bills or charge mobile topup or load balances for my steam last year ago.
You're misunderstanding. Using credit cards isn't free. Let's say you pay an online retailer $100 by credit card for some clothes. The bank only actually credits the online retailer around $99-$98, as opposed to the full $100 because they charge fees per credit card transaction. You don't know this, because the seller shoulders the fee. OP is asking whether something like this is possible with Bitcoin.
But yeah, the answer is no. The goal is for fees to be so small they're negligible anyway, so I don't think such a feature is necessary in the long run. For now, maybe sellers can charge a little less when receiving Bitcoin because they're saving on credit card fees. It's likely that the mining fee would be lower than the credit card fee anyway.
Depends on what arrangement engages between buyer and seller, If a seller is willing to pay the transaction fee then that a good option.But I doubt that seller will do that its burden to their side, maybe the good solution will be they shared with the fees, That's a win-win situation right?Bitcoin is non-reversal transaction so if they want to agree to shoulder the fees they should arrange first the transaction.
I'm afraid it isn't possible. All transactions that include trade already involves you paying for whatever fees exist.
When you pay by card or Paypal the seller pays any fees related to the transaction. Does BTC allow anything similar? It would make it more customer friendly.
No, but I've seen merchants giving their customers discount when paying in BTC. I guess that discount more or less corresponds to the fee they save compared to accepting credit card or other payment methods, many of which take quite a cut. So while Bitcoin doesn't work like that on a technical level, merchants could still take transaction fees into account when accepting payments.
Yes it would probably help adoption, no Bitcoin doesnt offer it. This is the reason credit cards can get away with 3.5% fees, because the consumer doesn't see it.
Also credit cards offer consumers all sorts of perks for them using credit cards instead of other means of payment. That those perks are mostly financed by credit card fees, thus the merchants, thus the consumer is happily ignored since there are enough steps of separation inbetween.
Guess seller can then down price their products by few cents or so. Honestly I don't see and think this is a big issue here. How paypal works tho is the take fixed % cut of your earnings (for fee) and thus it doesn't take the same amount when you pay for 1k$ product or lets say 100$ dollar product. Whereas bitcoin fee structure is another story cuz fees are made based on your inputs. I don't really think that any huge change needs to happen because it is fine the way it is. Me as a buyer I don't care if I pay tiny amount of fee. Fee has to be paid to keep the network going and I am happy with that.
When you pay by card or Paypal the seller pays any fees related to the transaction. Does BTC allow anything similar? It would make it more customer friendly.
I tried to purchase goods with PayPal before and I never experienced that the seller pays the fees for my goods instead I shoulder the shipping fees. In bitcoin, the sender(buyer) needs to pay the miner fees while the receiver(seller) will just receive the payment without any fee to shoulder. 
When you pay by card or Paypal the seller pays any fees related to the transaction. Does BTC allow anything similar? It would make it more customer friendly.
Bitcoin has a different way of doing things. But somehow there are similarities, since when you use card or paypal and the seller pays the transaction but actually that transaction fee is actually being paid by the client and was already added on the item beforehand. In bitcoin transactions, it is the payer or sender that shoulders the transaction fee and the only difference between bitcoin transaction and card is that in bitcoin the client or sender pays the fee directly.
Nope, bitcoin doesn't have that, and I don't think they're planning on implementing something similar. Isn't it the other way around though? Whereas the buyers are actually the one who pays for the fees(PayPal fees, customs, etc)?
That is tax. Seller charging taxes for his services/items selling to customers that should be in the invoice paper provided before payment is made. So far, i din't found it when using Bitcoin as payment for paying bills or charge mobile topup or load balances for my steam last year ago.
Yes it would probably help adoption, no Bitcoin doesnt offer it. This is the reason credit cards can get away with 3.5% fees, because the consumer doesn't see it.
When you pay by card or Paypal the seller pays any fees related to the transaction. Does BTC allow anything similar? It would make it more customer friendly.
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