THELOGICALINDIAN - Cryptocurrency users abide to accuse about arbitrary fees imposed by acquittal processors with one calling out BitPay for charging a 02 transaction fee
During a acquirement from Canadian merchant Newegg, which users BitPay as a processor, developer Jorge Timon additionally criticized BitPay’s convenance of implying altcoin Bitcoin Cash (BCH, additionally accepted as ‘BCash’) is the aforementioned as Bitcoin (BTC).
“Sad to see BitPay lie about ‘network cost’ of both bitcoin and bcash (also sad to see they accord to abash newbies by calling bcash bitcoin). I acclimated to advance this account amid merchants, never again,” he commented.
BitPay had levied what it alleged a “network cost” on Timon’s acquirement agnate to 0.2% of the $60 total.
Despite that amounting to alone $0.12, the Bitcoin network’s currently basal fees beggarly the transaction should still be cheaper.
At columnist time, accepted customer wallets such as Blockchain.info brash a fee amount of 5 satoshis per byte.
BitPay continues to action abrogating publicity from the cryptocurrency industry.
Due to its aboriginal and advancing abutment of Bitcoin Cash, which it began interacting with before giving users upgrades such as SegWit with which they could account from lower fees, commentators accept generally about hit out at the company.
Other abrupt moves, such as the abrupt “deactivation” of all its non-US debit cards in January, alike affronted criticism from Bitcoin Core developer Jonas Schnelli.
The arrangement bulk is meanwhile additionally not the aboriginal time fees accept acquired problems for BitPay. Complaining of the appulse of fees on the aggregation while SegWit remained unsupported, BitPay aloft the minimum bulk for an balance acquittal to $100 in December afore canceling the move afterwards two canicule of user backlash.
What do you anticipate about BitPay’s arrangement cost? Let us apperceive in the comments below!
Images address of Shutterstock, Twitter, Bitcoinfees.info
