The fee is extremely high. 10% is easy to swallow if you have seen your STEEM rise greatly in value. For anyone new to the ecosystem it hurts. But I understand you generally have to pay for convenience.
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People brand new to the system really shouldn't be buying stuff with steem they should work on stockpiling some.
Yeah, it's cool of aggroed to essentially help beta-test new steem-related services, but the fees are pretty high right now and there's no timetable on how or when fees are to be reduced. Steemgiftcards says it's contingent on their ability to produce volume and have a track record with blackhawk network, which is the company they're going through to get this done. And I wish I knew where along the line, if not immediately, the sbd gets converted into fiat (I'm going to assume that it is as that's how most merchants who accept crypto roll)
yeah, they sell for btc and exchange it, but it's all automated. They aren't "charging 10% fees" so much as paying the fees that btc charges.
Ew btc. Surprised the fee isn't 200% the value of the card.