Question 01.
A customer asks whether they are charged a different price for paying in crypto compared to paying by card. What is the most accurate response?
- Wrong Answer!
- Wrong Answer!
- You got it!Prices are set in dollars. At checkout, the payment processor calculates how much crypto equals the dollar amount, based on the current exchange rate. The customer pays in crypto, but the underlying price for the product or service has not changed. The dollar amount the business receives is the same regardless of which payment method the customer uses. Exchange rate locking during checkout, typically for ten to fifteen minutes, protects both the customer and the business from price movement during the transaction.
- Wrong Answer!