Whitetail Trading Co. Posted December 31, 2022 Report Share Posted December 31, 2022 Does anyone use BitRail for payments on GB? Advantages? Disadvantages? I've stayed away from it but have it authorized on my account and it seems to default accept with every listing. I'm clueless to it's benefits. Quote Link to comment Share on other sites More sharing options...
United Surplus Arms Posted December 31, 2022 Report Share Posted December 31, 2022 with the latest virtual currency issues, I would be hesitant to use this. No real advantage (and lots of disadvantages) over defaulting to the dollar, unless you believe the world is ending and the dollar will become useless. Quote Link to comment Share on other sites More sharing options...
Jeff Siegel Posted January 1, 2023 Report Share Posted January 1, 2023 It’s a safe and protected. Closed loop unlike crypto. Fast payments. Like PayPal for firearms. Faster than checks or money orders. Less expensive than credit cards. Quote Link to comment Share on other sites More sharing options...
Rooster2412 Posted January 3, 2023 Report Share Posted January 3, 2023 I use it as an alternative payment method, example for Credit Card users. I dont accept Credit Cards. Bitrail does. Disadvantages is it takes 5 or 6 business days to get registered to use Bitrail and then from the time you authorize payment to the seller it takes another 5 days for the seller to get paid. There's a 1% fee to use Bitrail for the seller but like I said, I offer Bitrail as an alternative payment method for those customers who want to use their Credit Card. Maybe twice a month if that. Another feature is if both seller & buyer are registered users, Gunbroker does not have to be involved. I had a customer process a sale/transaction to me without a GunBroker item number, they never bid on GunBroker. Quote Link to comment Share on other sites More sharing options...
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