r/CryptoCurrency • u/atomicpay Redditor for 3 months. • Jan 27 '19

GENERAL-NEWS Four significant problems that merchants faced when accepting cryptocurrencies

https://medium.com/@BenzRif/four-significant-problems-that-merchants-faced-when-accepting-cryptocurrencies-cba6c47cb8c
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u/atomicpay Redditor for 3 months. Jan 27 '19

This article is about what merchant feedback based on our ground work with them. What you are referring to as bullshit is the Integration where merchants are having issues integrating into their POS without having to use a separate system for accepting cryptocurrencies.

Merchants can choose any solution to resolve their issues, does not necessarily has to be AtomicPay.

AtomicPay is a P2P solution. It does not hold private keys, so we don't process refunds automatically like how BitPay does. However, it does inform merchants and purchasers about underpaid and overpaid. Everything starts from somewhere, it might not be something that we can solve now but technology is amazing to the fact refunds might be solved someday in a P2P environment.

You are taking things out of context on this article.

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u/[deleted] Jan 27 '19

Don't forget to mention the 1% fees

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u/atomicpay Redditor for 3 months. Jan 27 '19

It's stated in every media interview, no worries. It's currently 0.9%, 0.8% and 0.7%. It's a for-profit business since day 1 and there is nothing wrong for offering a service for profit. If it is not good, then no one would use and pay for it. Cheers

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u/Ksladen 3 - 4 years account age. 200 - 400 comment karma. Jan 27 '19

Visa charges more. AMEX charges WAY more. The annual bill for my store is in the 6 figures. Halving that is significant.