0 sats \ 8 replies \ @Lux OP 25 Sep 2023 \ parent \ on: Pay any bill with Bitcoin in SEPA countries bitcoin
their fee + onchain fees are in the spread
you sure?
well, with that 8% i saw this morning, using this service is SO EXPENSIVE..
you can work around this spending way less than a 8% charge on your invoices
This service is only good if you get your btc from shady ways
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spread is 8% but is 4% difference from exchange price.
their fee is 1 - 3 % depending on amount (usually 2 %)
They have to minimize risk of transacting with defined values, you see the exact price before completing the transaction.
It's a double edged sword, they take the risk of onchain fees and price changing, but also can make extra profit this way.
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it an interesting business model, but not for plebs.
maybe they can lower fees in a future, in order to be more competitive.
I mean, i would love to support the business, but who have a spare 8% from legal earned money
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suit yourself
again, you don't pay 8%
you pay 2% + onchain fees
i use them for years now and will continue to use them
i send fiat, they send bitcoin in my wallet. happy customer
I would like to see more competition, this we can agree, it will lower the fees.
I'm also pestering them to implement LN
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wait.. onchain, offchain, you pay..
if you dont account for both you are not accounting for the total.
i send fiat, they send bitcoin in my wallet. happy customer
So, you dont pay invoices with them? i was talking about paying invoices. I havent cheked the buy btc part..
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The invoice payment option is very new, i discovered it a couple days before posting and didn't use it yet. I contacted their customer service just to make sure of all details.
Same principle applies, before sending them btc you see the exact amount you are paying
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yeah, we where talking about different services.
to buy btc -
1 BTC = 25285.96 EUR
to pay invoices -
1 BTC = 24085.99 EUR
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i'll pay some bills next month with them and will document it