Stripe: Bitcoin

#1

Post by sunils34 » Thu, Feb 19, 2015, 6:41 PM UTC

Stripe: Bitcoin
stripe.com

Re: Stripe: Bitcoin

#2

Post by aakilfernandes » Thu, Feb 19, 2015, 6:49 PM UTC

> Stripe charges just 0.5% per successful Bitcoin transaction. There are no other fees.

Beautiful

Re: Stripe: Bitcoin

#3

Post by jszymborski » Thu, Feb 19, 2015, 6:50 PM UTC

aakilfernandes wrote: post #2

> Stripe charges just 0.5% per successful Bitcoin transaction. There are no other fees. Beautiful

Wait, am I missing something or does coinbase not do this for free... or do they nab you some other way

Re: Stripe: Bitcoin

#4

Post by dollaaron » Thu, Feb 19, 2015, 6:51 PM UTC

jszymborski wrote: post #3

aakilfernandes wrote: post #2

> Stripe charges just 0.5% per successful Bitcoin transaction. There are no other fees. Beautiful

Wait, am I missing something or does coinbase not do this for free... or do they nab you some other way

Coinbase is free for the first million dollars in transactions. Bitpay is free IIRC.

Re: Stripe: Bitcoin

#5

Post by yincrash » Thu, Feb 19, 2015, 6:52 PM UTC

jszymborski wrote: post #3

aakilfernandes wrote: post #2

> Stripe charges just 0.5% per successful Bitcoin transaction. There are no other fees. Beautiful

Wait, am I missing something or does coinbase not do this for free... or do they nab you some other way

Coinbase charges a BTC USD fee of 1%. Stripe is essentially charging for the same exchange service, but 0.5% instead.

"Avoid exchange rate hassles—specify amounts in USD and we’ll send you dollars. Stripe charges just 0.5% per successful Bitcoin transaction."

Re: Stripe: Bitcoin

#6

Post by sudhirj » Thu, Feb 19, 2015, 6:53 PM UTC

jszymborski wrote: post #3

aakilfernandes wrote: post #2

> Stripe charges just 0.5% per successful Bitcoin transaction. There are no other fees. Beautiful

Wait, am I missing something or does coinbase not do this for free... or do they nab you some other way

Coinbase does this for free, but they'll take their cut if you try to convert that into dollars. And they don't have a card option as well. This makes it dead simple for anyone to offer Bitcoin while automatically complying with the same reporting regulations as card payments.

Re: Stripe: Bitcoin

#7

Post by manuelflara » Thu, Feb 19, 2015, 6:53 PM UTC

I absolutely love the little animated step by step process shown of how it works. Is this done with an open source library?

Re: Stripe: Bitcoin

#8

Post by matthewarkin » Thu, Feb 19, 2015, 6:54 PM UTC

jszymborski wrote: post #3

aakilfernandes wrote: post #2

> Stripe charges just 0.5% per successful Bitcoin transaction. There are no other fees. Beautiful

Wait, am I missing something or does coinbase not do this for free... or do they nab you some other way

Last I checked, Stripe worked on top of the Coinbase API. The main benefit to using Stripe is that's it's one api and one account. For merchants, you also get fiat instead of holding bitcoin (I assume this is what the fee is primarily for). If you're already using Stripe checkout, adding bitcoin can be done in less than 5 lines of code.

Re: Stripe: Bitcoin

#9

Post by benjamindc » Thu, Feb 19, 2015, 6:55 PM UTC

manuelflara wrote: post #7

I absolutely love the little animated step by step process shown of how it works. Is this done with an open source library?

I'm just using a tiny lib that makes things easier: https://github.com/bendc/animate Other than that, it's just vanilla js/css.

Re: Stripe: Bitcoin

#10

Post by tlrobinson » Thu, Feb 19, 2015, 6:58 PM UTC

aakilfernandes wrote: post #2

> Stripe charges just 0.5% per successful Bitcoin transaction. There are no other fees. Beautiful

Yes, but of course the exchange rate matters as well. It's trivial for Bitcoin payment processors hide an extra "fee" in the exchange rate by giving you a worse exchange rate than you'd get at Bitcoin exchanges and pocketing the difference. (I have no idea if Stripe does that or not)