NotBiebs and 69 others's avatar
NotBiebs and 69 others notbiebs@primal.net 2 months ago
I just encountered a square merchant that accepted bitcoin even though they didn’t know they did. There was a toggle on the pay screen to let me choose to pay with bitcoin. I paid with my cash balance on @npub1cash...dg5l and there was no 0.9% fee. I also got 5% bitcoin back on the purchase. 🚀 image
NotBiebs and 69 others's avatar NotBiebs and 69 others
just noticed that cash app now adds a 0.9% fee when paying lightning invoices using your cash balance 🙁. guess they had to cover the loophole of people paying their own lightning invoices and stacking sats with no fees. View quoted note →
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Replies (21)

Radivis's avatar
Radivis radivis.com 2 months ago
I just noticed that the Bitcoin symbol had one line instead of two, hopefully indicating that those are sats, not full BTCs. Is that becoming a new standard?
1 replies ↓
Judge Hardcase's avatar
Judge Hardcase 2 months ago
no 0.9% fee? Interesting. Makes perfect sense, though, to waive that fee when you're just paying one of their other clients via square (they likely aren't even actually converting to BTC since they can just adjust the custodied balances on each side of the transaction). *I'm going to assume someone of authority there is aware of that toggle... just not the minimum wage employee running the cash register at the time. 😉
2 replies ↓
Judge Hardcase's avatar
Judge Hardcase 2 months ago
... which raises the possibility that the 0.9% fee might still apply if the merchant happened to choose to keep btc rather than auto-convert btc to dollars. 🤔
1 replies ↓
Judge Hardcase's avatar
Judge Hardcase 2 months ago
true. the fee structures have been changing so often that it's difficult to keep track of what they're paying for anymore. 🤷
Hazey's avatar
Hazey hazey@iris.to 1 month ago
Why can't they just have it accept bitcoin for every merchant always? The merchant can decide what that translates to, dollars or bitcoin
2 replies ↓
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