Coinbase Launches “Save Money With Bitcoin” Feature for Merchants

One of the knocks about the savings experiencing online Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term is that it has no effect on consumers. For nearly all products available for sale in bitcoins, buyers experience no difference in costs whether they pay in bitcoins or pull out their credit card. This occurs even though merchants are paying only 0.5% to 1.0% for bitcoin payment processing versus 2%-3% and much more in industries with high chargeback rates for credit cards.

Providing a solution for this problem, Coinbase has launched a new “Pass Cost Savings on to Your Customers” program. With the feature, merchants will be able to enter an automatic percentage reduction to apply when payments are being made in bitcoins up to 25%. According to Coinbase, three online sites have already applied the feature with BloomNation and BitDazzle offering 10% reductions, and eGifter providing a 3% savings.

In their blog post announcing the news, Coinbase mentioned that firms are able to attract new customers by simply beginning to offer bitcoin payments, which can now be customized with additional purchase savings.