bitcoin
do what.
Steak 'n Shake has started accepting Bitcoin as a payment method at all its locations, which began on May 16, 2025. This move has reportedly reduced processing fees by 50% and has been well-received by customers
lmao wtf
this post was submitted on 07 Jul 2025
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chapotraphouse
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This surprises me not at all. Every time you swipe your card the credit card network charges the merchant 3% of what you paid. Bitcoin definitely does not cost the merchant 3% especially if they have a way to convert it in near real time to avoid any weird spikes or dips in the price of Bitcoin.
Credit card processing is expensive and there's a reason merchants don't like doing it. So it sounds dumb but from a business standpoint it makes more sense than you might think
doesn't bitcoin take like 10 minutes to confirm a payment though?
About, and the price can fluctuate significantly during those 10 minutes
larger merchants, like a national restaurant chain, absolutely do not pay 3% in fees per transaction. it's the small, independents who pay those rates through their merchant accounts that are hitting the 3% on interchange fees. large retailers have more leverage and their rates are more like 1-1.5%
bragging about Bitcoin transaction fees going down is like bragging about how a heroin dealer "really hooked it up" for their clients because they switched from baby powder to simulac. it's all a gimmick for criminals, grifters and the all-day suckers that are collecting this fake computer money.
You'd be surprised. National restaurant chains pay more than you think. There's absolutely zero chance steak n shake is getting a 1% rate. I promise they're paying something near 3%. Credit card processing is infinitely more complex than folks think it is.
whereas Bitcoin fees are clear cut, simple, and transparent?
the quoted material is not saying it's cheaper to process a Bitcoin transaction than a credit card. it's saying the Bitcoin fees are less now than the Bitcoin fees were when they started. probably because they found a "better" exchange to handle it for them... an exchange which totally won't go dark on them and vanish their holdings with no recourse because lmao Bitcoin.
meanwhile, current interchange fees for MC & Visa are posted online and change, at most, twice yearly.
ex: https://usa.visa.com/support/small-business/regulations-fees.html
and these vendors can/do negotiate reimbursements against these fees for a high volume of transactions.
is it a.scam? sure. but Bitcoin is not an improvement.
high volume vendors, like a national restaurant chain, pay closer to 1%. I was a tiny, low volume (1-2 transactions a year, less than $1000/yr) and I never paid more than 2.5% for a card payment.
Purely out of curiosity, why do you know this?
I work in the payment processing industry and I won't say more than that for fear of doxxing myself
All money is fake computer money now
I guess it's all the same: time to buy a bunch of shitcoin and Iraqi denari!
meanwhile, some currencies
- have the benefit of military power to enforce their existence as a value of exchange
- have minting and printing presses to create physical notes to facilitate exchange
The Steak n Shake in my town was shut down due to numberous gross health code violations 
Fuckin’ regulators!
BRB, I need to start forming discourse to divide the right.
: “Steak and Shake are Fairweather Fascists! They never cared about white men until Trump won! We need to resist Brown Globalism^TM^!”
what color is steak? it's brown. i don't eat it. i'll stick to mayo and other similarly pigmented foods, the way god intended. thanks.
Cum
New bit: coming up with a fad diet that technically works and all the food is white just to make racists weirder
Come to the USA, we have at least two openly fascist fast food chains. 
I know about Steak & Shake, what’s the second?
chick-fil-a i think
Yep, ol Homophobi-A-Chikn. Privately owned by a psychotic evangelical Christian family.
Just like the founding fathers intended
empire.
You can just say violent or American. Violently American is redundant
Paying for my SS burger with kkkrypto
What? You get greeted with a "roman salute™" when you go in?
Do they also have a shooting range where kids get to shoot uzis while eating
The only way for it to be more American is if there were mass shooting there
Pretty sure a few people got shot at one in Alabama not that long ago.
Steak and shake? Like milkshakes or thickshakes? If I'm eating a steak I'm already seconds away from choking on it, the last thing I need is a drink that I can't actually use help the food go down. That just sounds like a meal that leaves you feeling absolutely awful afterwards.
It's milkshakes and smash burgers and they're very good compared to like McDonald's or burger king or whatever
I have never heard of a smash burger before, only to discover that I was apparently making some earlier this week. What a time to be alive.
I popped in there not too long ago and got stuck in the Drive-Thru with like 20 bazillion trucks. Thought it was odd, and then I saw the beef Tallow sign and put two and two together that Steak and shake had entered the culture wars
it could only be more am*rican if it was hooters