Topic: Your First $1,000,000 USD in Merchant Processing is now free! (Read 988 times)
At first glance, it looks like they are just passing on the fees to the customer in terms of lower exchange rate for their BTC.
Is this free processing to bank accounts? If so couldn't people fake "purchase" things via the Merchants API and withdraw 1 million USD without getting charged 1% and without being a business?
Exactly what I'm wondering.
how exactly do you not pay the 1%, i checked the UI and it was still asking to charge 1% if I cashed in
This is awesome and deserves more than +1. Hope that this could bring new guys into bitcoin. And soon enough I can see the first shop in Hong Kong start accepting bitcoin. Seriously hongkong despite bragged as the financial center or whatever and almost no one touched on Bitcoin.
yep, that's really amazing. kudos to coinbase and their work/success
This is seriously awesome!
Is this free processing to bank accounts? If so couldn't people fake "purchase" things via the Merchants API and withdraw 1 million USD without getting charged 1% and without being a business?
This could be a game changer. Bitcoin's fees and the merchant processors which facilitate bitcoin payment are already very low, and this basically removes all the risk and near term cost.
Awesome. Well done CoinBase. (And brilliant marketing 
+1 Awesome marketing.
Awesome. Well done CoinBase. (And brilliant marketing
http://blog.coinbase.com/post/59417545262/your-first-1-000-000-usd-in-merchant-processing-is-now
Pretty spectacular way to promote Bitcoin acceptance for small businesses.
Pretty spectacular way to promote Bitcoin acceptance for small businesses.
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