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https://coinbase.com/docs/merchant_tools/payouts "When you enable "instant exchanges", bitcoin you receive for merchant orders will no longer be sent to your Coinbase wallet. Instead they will be sent directly to Coinbase and exchanged, ensuring that you get the the exact local currency price that you set in the merchant tools. .... Let's look at an example. Suppose you create a payment button with a USD price of $10, and sell ten orders during the day. Your payout at the end of the day will be for $100 USD, regardless of how the price of bitcoin changed during the day. After deducting our 1% fee (plus $0.15 for the bank transfer) you will receive $98.85 to your bank account."