bittenbob



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Hero MemberActivity: 560Merit: 500 Re: BIPS.me  Free Merchant Solutions and Mobile eWallet - 45 Supported Currencies April 23, 2013, 12:51:05 PM #27 Liberty Reserve and EgoPay payment options have just been added to BIPS. Both can be used to buy and sell Bitcoins faster and more conveniently. It also means less bank fees and shorter waiting periods for many international customers.



Canadian BIPS customers also woke up to a surprise today; Free direct deposits when receiving $100 or more. Business and personal customers alike are eligible to take advantage of this offer and to help put an end to merchant fees.



BIPS empowers even the smallest merchant to securely accept payments for their products and services anywhere in the world  for free. This includes our new Liberty Reserve and EgoPay options which are provided at no additional costs. In doing so, BIPS helps to unlock the full potential of Bitcoin. BIPS is committed to ending merchant processing fees to help your business succeed.

Isokivi



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Hero MemberActivity: 910Merit: 1000Items flashing here available at btctrinkets.com Re: BIPS.me  Free Merchant Solutions and Mobile eWallet - 45 Supported Currencies May 15, 2013, 06:02:45 PM

Last edit: June 09, 2013, 07:48:59 AM by Isokivi #29 [edit] This post now contains my whole experience with bips so far.



Im a merchant using bips and their payment module for my web shop. After using their payment module for a while I started wondering why the incoming amounts and my account balance did not add up to exactly the same amount. My initial ticket took quite long to get a response so I did the usual and made the matter public. Something I do not regret btw.



The following is my conclution:

For a merchant who that wishes to keep the incoming funds in bitcoin using bips's payment module is free. The setup to achieve this is: behind the merchant link (in your account) uncheck tick box "customer pays conversion" and set "when sales are made keep x% of bitcoin in my account to the obvious 100%.

Bips will charge you the network fees on outgoing bitcoin transactions on your account. They are not visible in the "ledger" when you log in, but rather behind the importable versions.



It's clear BIPS's customer service could of have been swifter and documentation more clear. But I have to conclude they are not in any way stealing from me as I initially feared. I will continue using them and would recomend their service to others too.



TLDR; Op was concerned BIPS was stealing from him, this is not the case.

Bitcoin trinkets now on my online store: btc trinkets.com

Vitalik Buterin



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Sr. MemberActivity: 331Merit: 377 Re: BIPS.me  Free Merchant Solutions and Mobile eWallet - 45 Supported Currencies June 02, 2013, 07:51:26 PM

Last edit: June 03, 2013, 08:18:41 PM by Vitalik Buterin #31 BIPS charges a 2.5% fee on the consumer side. I was told this in person; it caught me by surprise too, as I had thought their whole 0% deal was some kind of loss leader.



Clarification: the mis-charges were an error. BIPS charges a 0% fee for BTC-to-BTC transfer, and charges 2.5% if you convert the bitcoins to fiat through their service in the form of its below-market exchange rate. Optionally, merchants can check a checkbox (visible only when you have a verified bank account) to take on the fee themselves, in which case they can sell at full price. Argumentum ad lunam: the fallacy that because Bitcoin's price is rising really fast the currency must be a speculative bubble and/or Ponzi scheme.

Vitalik Buterin



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Sr. MemberActivity: 331Merit: 377 Re: BIPS.me  Free Merchant Solutions and Mobile eWallet - 45 Supported Currencies June 03, 2013, 07:55:14 PM

Last edit: June 03, 2013, 08:20:11 PM by Vitalik Buterin #32 Quote from: Vitalik Buterin on June 02, 2013, 07:51:26 PM BIPS charges a 2.5% fee on the consumer side. I was told this in person; it caught me by surprise too, as I had thought their whole 0% deal was some kind of loss leader.



Clarification: the mis-charges were an error. BIPS charges a 0% fee for BTC-to-BTC transfer, and charges 2.5% if you convert the bitcoins to fiat through their service in the form of its below-market exchange rate. Optionally, merchants can check a checkbox (visible only when you have a verified bank account) to take on the fee themselves, in which case they can sell at full price. Clarification: the mis-charges were an error. BIPS charges a 0% fee for BTC-to-BTC transfer, and charges 2.5% if you convert the bitcoins to fiat through their service in the form of its below-market exchange rate. Optionally, merchants can check a checkbox (visible only when you have a verified bank account) to take on the fee themselves, in which case they can sell at full price. Argumentum ad lunam: the fallacy that because Bitcoin's price is rising really fast the currency must be a speculative bubble and/or Ponzi scheme.