I have a business where we sell entertainment services for mostly $20-100 each product. Our average revenue is around $150k/ month. Is there a chance our bank (Wells Fargo, or another) could hold our funds? Is Coinbase the best merchant to go with?
I think most people use BitPay, bitcoins you receive will be instantly converted to fiat currency, and deposited to your bank account. I haven't personally heard of this causing problems. Coinbase would be good if you want to hold your coins, but beware of price fluctuations. On a semi-related note, maybe consider using a credit union instead. Screw commercial banks ;-)
I use Coinbase, but not as a merchant. They do enable you instantly convert BTC to cash so that you don't hold bitcoin, but charge 1% + 0.15 per transaction. That $0.15 is actually an ACH fee, not a Coinbase fee. Here are some details: https://coinbase.com/docs/merchant_tools/payouts They are running an offer now where your first $1M in transactions is free, so it looks like you'd get some good mileage out of it, considering that bitcoin will probably be a small fraction of your total. I have heard about issues with Chase bank and Coinbase. I use a Chase account for my Coinbase transactions, but do very few. I agree with ericblank that a credit union is probably a better option, as they are more likely to be agnostic about it.