Topic: [2014-09-02] Should merchants accept Bitcoin? (Read 650 times)
The main and obvious benefit is non-reversibility of payments. How many merchants were burned by PayPal and others, when payments received for goods are reversed weeks and months later?
http://www.practicalecommerce.com/columns/the-ecommerce-corner-office/72534-Should-Merchants-Accept-Bitcoin
What’s tremendous about Bitcoin, from a fraud perspective, is that it’s basically the same as dealing in cash. There is no third party involved in the transaction that can come back months later and claim that the transaction was fraudulent and extract the funds from your account (plus a “chargeback fee”).
What’s tremendous about Bitcoin, from a fraud perspective, is that it’s basically the same as dealing in cash. There is no third party involved in the transaction that can come back months later and claim that the transaction was fraudulent and extract the funds from your account (plus a “chargeback fee”).
Jump to: