[drcode]

> Credit cards can charge 2.5% because they're awesome Some guy in Arizona can set himself up online, sign up for Stripe, have no set fees, and accept a payment from someone in Germany (or NY or Australia) that afternoon.

Last I checked, it takes at least a month to apply for and receive a credit card, so this is obviously wrong. Guess what, I could set you up with a bitcoin account and some bitcoins in less than a minute.

> 2.5% doesn't seem to bad for the people running those rails to collect (fraud, global movement etc)

Yeah, as long as something else doesn't come along that's even better at fraud prevention and global movement and only charges 0.01% (like bitcoin, for instance)

[schrodinger]

It doesn't handle fraud in the form of not receiving what you paid for... as a consumer, you can issue a chargeback right now. That doesn't exist for bitcoin, so until we factor in another layer that provides that protection, you can't compare the 2.5% credit card fee to the bitcoin fee.

[drcode]

This is a fair argument. You would use a bitcoin service like bitrated.com in this case that also carries some cost.