Thread - Nostr Hypermedia

Ben Justman🍷 BenJustman@primal.net 7 months ago

If you put a small upcharge on fiat, almost everyone opts to just pay with Bitcoin. But no normal business would ever do that...right? Well, as fiat eats margins, it will continue to be more common to directly pass on the ~3% card fee to customers. Bitcoin is cheaper.

Replies (10)

SuiGenerisJohn johnlaw@getalby.com 7 months ago

YES

Jordan Jordandejno@iris.to 7 months ago

Heck, it’s already common for businesses to have a “3% convenience fee” for card payments

Ben Justman🍷 BenJustman@primal.net 7 months ago

Bitcoin is better intensifies

1 replies ↓

Jordan Jordandejno@iris.to 7 months ago

Especially in local government. I’m always paying surcharges for water bills. It shouldn’t be hard to fight back when there is an alternative for digital payments

Ben Justman🍷 BenJustman@primal.net 7 months ago

Oof they're. Gonna be the last ones. In Colorado you can pay taxes in Bitcoin but the upcharge is high

Felipe 7 months ago

They already do this in many establishments in Asia. Often, when I pay with card, I'm told it'll be 2-5% more expensive.

CarteBlanche CarteBlanche@nostrplebs.com 7 months ago

🫡

Neal ModernChains@primal.net 7 months ago

but i wont earn 5x miles on injecting friction into the monetary system so middle men can profit! good god man, have you no heart? 😂

Ben Justman🍷 BenJustman@primal.net 7 months ago

People will def pay with Bitcoin at these places eventually

Felipe 7 months ago

I'm on Boracay, the supposed Bitcoin Island in the Philippines. Nobody accepts bitcoin here anymore, locals saying its completely phased out. Hopefully it'll be back.,