TwinTurbo.NET: Nissan 300ZX forum - Bitcoin circumvents paypal and CC processing fees entirely
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Subject Bitcoin circumvents paypal and CC processing fees entirely
     
Posted by LJZTT on April 06, 2019 at 2:14 PM
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In Reply To Not gone forever posted by ArubaDave on April 04, 2019 at 01:54 PM
     
Message however whatever exchange you use will take a small % (just like paypal) when you exchange those bitcoins for USD or whatever currency, but at least you aren't getting hit on a per transaction basis.

Downsides are probably some % of potential customers who might buy your stuff might not have a clue how to get/use Bitcoin and will either be too un-inclined or dumb to ever figure it out. Plus Bitcoin is extremely volatile right now and will be for the forseeable future.

But so long as you aren't depending on the sale of your gear to feed yourself and have the ability to absorb some losses in the short-term if the price of bitcoin takes another dip down to lower levels over a sustained period of time, it can get you back in the game.

30 years ago...or now?

"I torch my soul to show the world that I am pure deep inside my heart...."
--William Patrick Corgan

     
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