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0 sats \ 0 replies \ @SimpleStacker 1 Aug 2022 \ on: Nearly 75% of retailers plan to accept Bitcoin within the next 2 years bitcoin
For small dollar transactions it's actually not surprising. Credit card companies usually charge a 2.9% transaction fee. For a business with a profit margin of say 5%, the transaction fee eats up 60% of the profit. Lightning is potentially a cheaper and equally fast and convenient option. Harder for consumers to issue fraudulent chargebacks too (good from a merchant's perspective)