But the point is that there isn't a bit coin economy-- your suppliers don't accept it. So you have to pay fees to convert it into local currency, which you have ignored. (And the customer also has to pay to convert from local currency)

Or he could promote the use of bitcoin in hope that one day his suppliers do actually accept it.

What is your business? At €20K per month you must be close to or in the top 5 bitcoin merchants in the world.

>The cost .... $30 USD!

All you've done is move the fees to the customer side through their cost of acquisition and the spread bitpay adds to your charges.

>Fraud rate? 0% >Chargeback rate? 0%

This doesn't matter until you stop accepting credit cards completely.

Also no denying bitcoin has benefits for merchants. The problem is the complete lack of benefits for customers.

> The problem is the complete lack of benefits for customers.

Costs of acquisition and spread will decrease as bitcoin adoption rises as it is a competitive market. And then low margin merchants will actively encourage bitcoin usage with discounts.

Why would they encourage bitcoin usage with discounts? They want people to use bitcoin to improve margin so why would they turn around and immediately cut into that?

Also with cash back on so many cards now the discount would have to be >2%. Probably more like 3-5% for people to switch. The savings from not accepting credit cards won't make up for that.

Side note. Why did you create a throw away account just to comment on this topic?