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August 27, 2013 07:57 pm GMT

Coinbase Removes 1% Merchant Fee For First $1 Million In Orders

bitcoin530Coinbase unveiled another incentive for merchants to start accepting Bitcoins. Starting today, payment processing is now free for everyone for your first $1 million in orders. After that, the regular 1 percent fee kicks in. While Bitcoin payment is still a novelty, removing the processing fee makes it a compelling alternative compared to PayPal's fee (2.9 percent + $0.30 per transaction).

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eaQt6tXn-uA/

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