Reply to post: Re: Alternative Hypothesis

Cryptocurrencies to end in tears, says investor wizard Warren Buffett

Charles 9 Silver badge

Re: Alternative Hypothesis

"You must have very low transaction overheads there."

Most transaction fees in the US are percentages, usually with a monthly fee on top of it for equipment rentals, etc. Depends on the size of the business and the amount of traffic you generate (bigger business or more transactions = economies of scale meaning bulk discounts), but rates of about 2-4% per transaction are pretty common (debit transactions tend to be lower than credit ones). You're also supposed to get a break if you take Chips since there's less fraud risk with them.

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