No transaction fees on your first $50k. Cool and thanks for posting.

I was literaly just like what the fuck spam links on Wired.com but it was actually a link to brain tree and I almost did a spit take which would have ruined my laptop (Redbull does not give your lapatop wings I promise)


Yeah pretty neat, definitely going to be doing my research I would love to try doing something with the v.ZERO sdk, might sign up just to play with it.

Well they are using coinbase for there integration so coinbase charges 1% they charge 1% then they take the addtional 0.9% for all of the customer service they are going to have to do and 30 cents/tx covers there server/power/other associated costs.

Don't get me wrong they will make a killing off of this if it goes mainstream but at the same time for a "non bitcoin payment service" to use bitcoin these are the fees they are used to, so they will continue to charge them.

cool ... so i can use bitcoin and get raped for 3% for the privilege ... or i can just pay for shit with *money* from my bank account through paypal and pay 0% ... tough call ...

I don;t think you understand. As a merchant you are selling a computer for $100 on your website coolstufflikethis100dollarcomputer.com

You offer to sell your computer through paypal:
User spends $100 paypal charges 2%+ 0.15 fee* You get 97.85 USD
You offer to sell your computer through Authorize.net's official credit portal
User spend $100 authorize charge 1.9% +0.3 fee* You get 97.80 USD
You offer to sell your computer through coinbase
User spends $100 coinbase charges 1% fee you get 99 USD

So no matter what you use there's going to be a fee, now you could mitigate this by installing the cheapest credit card processor on your website, paypal directly, venmo directly, integrating with apple pay directly, integrating with coinbase directly(or even using your own standalone bitcoind baring the risk of getting hacked) to save the most money or you could just install a few lines of code and have all of those things ready to roll.

I'm not advertising for braintree or paypal just saying this is what happens everyday albeit they cost more but you get more in less time and time is money.

(Also half or more of what braintree colects has to go to their third party processors for each payment option anyway so)

*Fee's guestimated

merchants have fees for processing digital payments ... ok ... fine ... that cuts into their profit margin , sure ... and people are lazy and want turn key solutions , check ... sounds about right from business perspective ... but as a *consumer* like most people are , who don't own their own multinational conglomerate , the choice between paying extra and not paying extra is a pretty easy choice ... as a merchant , choosing between letting paypal fuck you over for a couple % , or choosing bitcoin payment processors to fuck your customers over for a couple additional % , why not let the buyers take the fee instead of you , right ? ... god i fucking hate living on this planet ...

No don't get me wrong I completly agree with your above statement. but it's the same way with everything in life.

As a consumer I go to walamart and a mom and pop grocery store and buy the exact same thing.
Walmart is going to be about 15% cheaper:
6+% Quantity discounts on sales items
1-2% Quantity discount on payment processor
And the rest is contributed to labor and business expenses that a larger company can write off in the millions of dollars in income they are making compared to a store making <40k/week total sales.

Same for bitcoin sites. Go to a site that uses coinbase exclusively and a site that uses braintree and your looking at paying on average 1.9% more for the same thing.
So I agree the consumer eats the cost but that's just the way the cookie crumbles

Yes, Braintree you are talking about is a subsidiary company owned by paypal accepts Bitcoin, I remember this is a old news from last summer.

And Braintree accepting Bitcoin is not equal to Paypal accepting Bitcoin, they are different companies.

they said they are waiting for more security option before accepting it, they are on track, adding 2fa will be the next step before accepting bitcoin as a payment

there was another thread talking about this

Probably not. Until I see some actual proper implementation by Paypal and not some subsidary this isn't really anything to get excited about in my opinion.


Who has thought the rise of bitcoin? Paypal?


That's funny. Paypal isn't any more secure than bitcoin. At least I know I'm not going to sell something then get a chnargeback a few days later with bitcoin.