Comment Re:bitcoin has to much fluctuation for them to hol (Score 0) 87
Assuming the merchant instantly converts Bitcoins into cash for say, a $100 equivalent transaction, what is the difference in transaction cost when compared with a credit card? I know credit card transactions cost roughly 2%, or $2 in this case.
It depends on the merchant's Bitcoin processor or whatever private contract they have with them. The main processors are Coinbase and BitPay. There is a transaction fee paid by the customer of