Hi all,
Am considering to use BTC to make use of some of the discount offered by TDs. I have previously bought BTC before so am familiar with the deposit-into-digital wallet process, but using it as payment currency is new to me. Would like to get others' feedbacks/review on using this method. My primary questions are:
1) Prices on TDs website are quoted in CNY; at what conversion rate will they quote you? (CNY>USD>BTC?) if so what will be the mark-up in price (as compared to original CNY quoted price?)
2) Assuming you accepted the BTC price and price fluctuates afterward, I assume you will have to take that risk? (eg. say quoted price is USD 1000 = 1BTC = 1 watch, then price fluctuate to USD 1100 = 1BTC = 1 watch, buyer will assume the risk in this case?)
3) How long will the processing time takes? Would you rather pay more fees to make it faster? (eg. so following above example, assuming you sent out USD 1100 = 1 BTC = 1 watch, and during processing time BTC to reach seller, I assume buyer won't take price fluctuation risk?)
Any other tips from past-users on this payment method will be helpful! Thanks!
Am considering to use BTC to make use of some of the discount offered by TDs. I have previously bought BTC before so am familiar with the deposit-into-digital wallet process, but using it as payment currency is new to me. Would like to get others' feedbacks/review on using this method. My primary questions are:
1) Prices on TDs website are quoted in CNY; at what conversion rate will they quote you? (CNY>USD>BTC?) if so what will be the mark-up in price (as compared to original CNY quoted price?)
2) Assuming you accepted the BTC price and price fluctuates afterward, I assume you will have to take that risk? (eg. say quoted price is USD 1000 = 1BTC = 1 watch, then price fluctuate to USD 1100 = 1BTC = 1 watch, buyer will assume the risk in this case?)
3) How long will the processing time takes? Would you rather pay more fees to make it faster? (eg. so following above example, assuming you sent out USD 1100 = 1 BTC = 1 watch, and during processing time BTC to reach seller, I assume buyer won't take price fluctuation risk?)
Any other tips from past-users on this payment method will be helpful! Thanks!