TechCrunch: All-Terrain Vehicle Startup Tomcar Australia Starts Accepting Bitcoin

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07.11.13 - TechCrunch: All-Terrain Vehicle Startup Tomcar Australia Starts Accepting Bitcoin


"Tomcar Australia, a Melbourne-based startup that sells original off-road vehicles and equipment online, is now accepting Bitcoin payments in a move that it hopes will make international transactions easier. Bitcoin transactions will go through CoinJar‘s payment gateway.


David Brim, the co-founder and CEO of Tomcar Australia (which is not related to the American company Tomcar), says his startup begin accepting Bitcoin because it will allow it to sell to overseas customers without having to worry about exchange rates and high credit card fees.


Tomcar Australia joins several other online companies, including fashion retailer Bitfash, European Airbnb competitor 9flats.com and Chinese Internet giant Baidu that want to use Bitcoin to facilitate international payments.


"Credit cards are expensive, with a 5% fee. With Bitcoin, the fee is tiny, it's just .003%, so we can save on the merchants transaction itself," says Brim, who describes himself as a "big fan" of cryptocurrency." 



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