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c/cryptopay·submitted 1 months ago by u/lurker_for_years

someone explain gas fees to me like I have not read a paper in years

Discussionbranch of 12 comments

Right, the chargeback question again, but with numbers this time. I have 15 data points over 6 weeks. The pattern is consistent enough that I do not think it is chance, and boring enough that nobody is going to screenshot it, which is usually a good sign. The thing I would flag for anyone new: the effect I am…

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12 comments, started 1 months ago
u/purity_pedantanalytical120 points·1 months ago

Strongly agree. Escrow is non-negotiable for groups.

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u/teodor_jansen67 points·1 months ago

The discount was 97.9% but gas ate half of it. Still worth it but the math matters.

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u/leila_silva20 points·1 months ago·edited

memo/tag requirements differ by network

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u/lurker_for_yearsOP88 points·1 months ago

Which network and did the vendor confirm they credit it?

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u/neha_erdogan20 points·1 months ago

the 21% discount versus 29% network fees

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u/arne_ndiaye41 points·1 months ago·edited

USDC exists on 22 networks, vendor credits are network-specific

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u/vendorinvestigate_vic29 points·1 months ago

Not to be pedantic but confirmations and gas fees are being used interchangeably and they are not interchangeable in real life.

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[deleted]19 points·1 months ago

[deleted]

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u/honest_syringe_2025168 points·1 months ago

Slight fix: the number was 94.2, not 95.1. Decimal point, but a fairly consequential one.

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u/ms_fragmenter48 points·1 months ago

USDC exists on 14 networks, vendor credits are network-specific

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u/amara_kuipers-14 points·1 months ago

escrow for group buys is standard, use it

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u/annika_fonseca1 point·1 months ago

network selection matters, wrong chain is the expensive typo

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About c/cryptopay

Paying for research material with crypto: which networks vendors actually credit, confirmation windows, memo/tag requirements, gas versus discount arithmetic, escrow for group buys, and the total absence of chargeback rights. Not investment discussion — payments only.

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