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Author Topic: coinbase: We now offer “instant exchanges” for merchants (not just once per day)  (Read 497 times)

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Online bitcoinforum.comTopic starter

We now offer “instant exchanges” for merchants (not just once per day)

We just launched a new feature we hope you’ll like: instant exchanges for merchant orders.

Previously, we would take any BTC you received throughout the day and make a single payout to your bank account at the end of the day (using the current exchange rate).

Merchants liked this, but we got some feedback that this still was too much exchange rate risk.  With the price of bitcoin changing throughout the day, the once a day payout could change the amount you received.  We listened, and just launched instant exchanges for merchants.

Now, throughout the day as your orders come in, we will instantly exchange those BTC to your local currency amount.  At the end of the day the *exact amount* of USD you specified on your payment buttons and checkout pages will get paid out to your bank account.  Zero exchange risk.

We hope this helps, and as always - feel free to continue sending us feedback!

You can read more about instant exchanges here.

And edit your payout settings at any time from the merchant settings page.

http://blog.coinbase.com/post/45095442004/we-now-offer-instant-exchanges-for-merchants-not