When paying with Bitcoins how does that affect the price of the service or item? For example If I buy something that costs 20 CAD using Bitcoins and the exchange rate is 1 CAD = 0.01 BTC does that simply mean I pay 0.20 BTC? I'm not very knowledgeable about currency exchange to begin with. If the value of the Canadian dollar goes up and 1 CAD = 0.02 BTC then I would've lost money if I had did the exchange at the lower rate, is that right?
Take Privateinternetaccess for example. They have an option to pay in Bitcoins but doesn't say how much?