07 Mar '13, 1pm

Eliminate Bitcoin Volatility Risk with BitPay #UT

Eliminate Bitcoin Volatility Risk with BitPay #UT

One of the important features of BitPay's bitcoin payment processing platform is BitPay's ability to guarantee the exchange rate to our merchants on every order processed. Meaning, if a merchant asks BitPay to collect $150, as long as the buyer sends the payment within the time window, BitPay guarantees the merchant will receive exactly $150 minus our fee. This feature has been a benchmark in BitPay's platform since its inception and launch in July 2011, but on days where the bitcoin price is more volatile, this feature is extremely important. For some merchants operating on thin margins, it may be the most important feature when evaluating payment processors. Amagi Metals is a precious metals dealer in New York which began accepting bitcoin payments in 2012. Amagi initially started with a different bitcoin payment processor that offered lower fees, but quickly switched to...

Full article: http://www.uptweet.com/viewStory?id=1034

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