this post was submitted on 27 Jul 2025
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A dollar in fees is a dollar more than with fiat for the person paying. That and do you expect enough normal people to learn about L2s and chains to make it worthwhile for Valve or whoever to implement support for anything besides the main chains of 2-3 major cryptos and stablecoins on ethereum main?
Average credit card transaction fee is ~2%. So a dollar of Bitcoin fees makes Bitcoin cheaper for any purchase over $50.
The transaction fee is not paid by the consumer (directly), and lord knows sellers are not going to lower prices based on payment method.
It depends, I have shopped at places where they will discount up to 15% by paying cash.
Yeah, there are a bunch of places around me that offer cash discounts which I make solid use of. Lets them lower prices for you as you aren't forcing a credit card transaction fee onto them.
Sadly, this is probably true. Unless they're trying to steer customers away from more troublesome payment providers.
Mullvad actually does this for their VPN service, which I think is great. For a VPN company that doesn't want to store identifiers about you, taking crypto makes sense because that also doesn't necessarily have identifiers about you attached that they could read or be required to store, unlike a card that requires your name, address, and card number.
Other than that though, no larger companies are going to do anything of the sort, let alone be likely to even implement it as a payment method to begin with. Tons of additional technical complexity for little to no benefit.
I hope the EU to come up with their own payment process to compete against and be a mainstream alternative to the US based ones.
People who use credit cards don't pay the transaction fee. If the product is priced at 10 Stanly nickle they only play 10 Stanley nickle. Lot of credit cards also offer cash back so people might get 1-5% back depending on what the category for the month is.
When it comes to transaction fees you are going to have to sell the vender on it than the consumer since they are the one paying.
Oh you're definitely paying the credit card fee too, but since it's the vendor who gets billed it's just priced into the product. That's why the product costs 10 Stanly nickle instead of 9 Stanly nickle.
Pay same in cash or credit. Priced in or not what the company asks for is what the consumer pays, so point being these crypto transaction arguments make no difference when it comes to fees. Like you said end retail price is already priced in.
Company wants 10 Stanley nickles consumer is charged 10 Stanley nickles regardless of payment method.
Yeah good point, they're not discounting the credit increase for the crypto buyers. That might even be against their credit processor contract.
There's also the whole taxable event issue some countries have if someone buys something with crypto.
Depends on the vendor. There are a bunch of places around me that offer cash discounts, which I make solid use of. Lets them lower prices for you as you aren't forcing a credit card transaction fee onto them.
But it's not variable so the seller prices it in. Switch to Bitcoin and you have to pay it while prices likely stay the same. Also lately most of my games have been under 30 EUR tbh
yes I expect l2s to catch on in different ways and yes I hope that a lot of places like steam or whatever properly implement at least bitpay or something similar in house.
I mean either you care enough about payment processor censorship to go around them or you don't. If the extra dollar isn't worth it to you then that is what it is.
Nobody is going to rush to implement a payment system where the fees can change 5x hour to hour because that's just customer dissatisfaction waiting to happen.
That's actually one of the matured parts of the crypto ecosystem that has existed for years already, as it was one of the most immediate needs. Last I checked Stripe and Bitpay were the most popular options for vendors.