Bitcoin payment method or Credit card which is more secure for a website ?

Wipro

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Quote from: dmamigo on October 02, 2017, 02:08:39 PM

Quote from: Granxis on October 01, 2017, 05:24:53 AM

I have to say that; Credit cards are more suitable for payment, because the time came with the 3D security system. Spending technology did not develop much because bitcoin was used for trade purposes only. I think this is the fault of the users like us.

I would also say Credit Card is still secure and easy to use compared to Bitcoin for older generations. But yes technical faults does happen in Credit Card systems, and till date I haven't seen any issues. Only issue with Bitcoin is its time, other than that I would say Bitcoin method will be better for newer generations and even older as well if they can use it.
About the security system, both are getting enhanced, so for both the system security issue is going down if the owner is careful enough.

For faster transaction and legal transaction in your city and around the location. You can check the payment delay some time happens in bitcoin and eth transaction that is also happens because of the block size exceeding. However, bitcoin take max 40 minutes to reach the destination wallet in any location whether the concern wallet is near to you or anywhere.

dmamigo

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Quote from: Granxis on October 01, 2017, 05:24:53 AM

I have to say that; Credit cards are more suitable for payment, because the time came with the 3D security system. Spending technology did not develop much because bitcoin was used for trade purposes only. I think this is the fault of the users like us.

I would also say Credit Card is still secure and easy to use compared to Bitcoin for older generations. But yes technical faults does happen in Credit Card systems, and till date I haven't seen any issues. Only issue with Bitcoin is its time, other than that I would say Bitcoin method will be better for newer generations and even older as well if they can use it.
About the security system, both are getting enhanced, so for both the system security issue is going down if the owner is careful enough.

alani123

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Bitcoin is safer and can also be cheaper for the merchant. There are cases under which major credit card providers will not provide their services to certain merchants and they'll have to create high risk merchant accounts which charge very high fees to merchants, which is a cost the customer ends up carrying as well. Bitcoin is more convenient in that regard but offers no customer protection.

Granxis

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I have to say that; Credit cards are more suitable for payment, because the time came with the 3D security system. Spending technology did not develop much because bitcoin was used for trade purposes only. I think this is the fault of the users like us.

Protected101

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Quote from: dasher797 on September 22, 2017, 01:57:53 AM

Quote from: marukochanx3 on September 21, 2017, 06:04:35 PM

Since the development of technology evolved quickly. Cry

Online shopping site is more pratical than we went to the store.
There are various payment media like Bitcoin [Not all site/store using bitcoin payment method] , Credit Card , Wire Bank Transfer and other payment method. Cool

I would like to ask do you think about a more secure payment , more secure Bitcoin payment or Credit Card payment method ? Roll Eyes

Bitcoin is always better than then the current payment methode because it is more easy to make transaction and faster

I think bitcoin is more secure than credit card because its method can be transacted without any asking for customer service its still anonymous when we transact it while in credit card there's always a risk for some charges they add on your bill when SOA give it to you.Bitcoin can make easier transaction and its safer for all customers like us.

jaocoincrypto18

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Quote from: marukochanx3 on September 21, 2017, 06:04:35 PM

Since the development of technology evolved quickly. Cry

Online shopping site is more pratical than we went to the store.
There are various payment media like Bitcoin [Not all site/store using bitcoin payment method] , Credit Card , Wire Bank Transfer and other payment method. Cool

I would like to ask do you think about a more secure payment , more secure Bitcoin payment or Credit Card payment method ? Roll Eyes

Both are secured but i preferred to use bitcoin because if you're going to use the credit card it will reflect to their system as credit which will incur interest unleast if you will pay the bank immediately which is another transaction need to be made unlike paying directly using our bitcoin, no interest fee will incur and a one payment transaction which is a hassle free transaction.

Beparanf

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Quote from: sweetbet on September 29, 2017, 01:12:56 AM

BTC transactions are slower than CC, cannot be charged back and not as widely used as CC.

CC transactions are much faster, can be charged back and almost everyone has a CC.

In terms of security, you can always recover CC funds that are stolen a thief, but if someone hacks into your BTC wallet and steals your BTC, then there's nothing that can be done to recover them.

Each option has its own set of positives and negatives.

Credit cards were prone to hackers also they will find a way to trace your card and buys in online shops, same thing goes in btc when not fully taking cared on especially when encoded in an fishing sites.

sweetbet

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BTC transactions are slower than CC, cannot be charged back and not as widely used as CC.

CC transactions are much faster, can be charged back and almost everyone has a CC.

In terms of security, you can always recover CC funds that are stolen a thief, but if someone hacks into your BTC wallet and steals your BTC, then there's nothing that can be done to recover them.

Each option has its own set of positives and negatives.

deadsilent

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Depends on what side you want take. For customers. I think Bitcoin as a mode of payment is the best since it's fast(depends on fee). Also it's secure because the customer is anonimous and unable to trace the user and don't have to issue any ID to identify you. For sellers, the best mode of payment to them is thru traditional payment. Credit cards, cash or remittance is what they prefer because it's secure for both sides. It's for them to accept bitcoin since it's very volatile in nature. That's why we rarely see shops that accept bitcoin.

jamids

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Quote from: marukochanx3 on September 21, 2017, 06:04:35 PM

Since the development of technology evolved quickly. Cry

Online shopping site is more pratical than we went to the store.
There are various payment media like Bitcoin [Not all site/store using bitcoin payment method] , Credit Card , Wire Bank Transfer and other payment method. Cool

I would like to ask do you think about a more secure payment , more secure Bitcoin payment or Credit Card payment method ? Roll Eyes

I would use bitcoin payment because I have seen some cases when their credit card have been use by other people and they are not aware of it. If you use bitcoin, they cannot access your wallet if they don't have your private key and it would be more secure if you have 2FA applied to it. There are many phishing sites and if we are not careful then the information in credit card would be easily access by those phishers.

Kemarit

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Quote from: SONG GEET on September 22, 2017, 12:29:31 PM

Quote from: marukochanx3 on September 21, 2017, 06:04:35 PM

I would like to ask do you think about a more secure payment , more secure Bitcoin payment or Credit Card payment method ? Roll Eyes

Your POS machine can get down for whole day and it might also reject cards numerous times when trying to accept payments from your clients.
While with bitcoin they can pay in few seconds and you can receive it in your mobile wallet. Which you can exchange with some local trading platform for fiat.

Accepting bitcoin is the good option along with credit card payments.

Yes, this is one disadvantage of using your credit card for payment. If the POS is down you can't do anything but to wait. Another major one is in the case of hackers stealing the Credit Card information of all the user. We have heard it numerous times in the past so its not a good thing to always used your card for every transaction on the web. Of course there is a paper trail which for me is a big concern as well. - Privacy. On the other hand, bitcoin provides pseudo-anonymity, and do know that this is what we like about bitcoin. So for me, the website should offer both Credit Card and Bitcoin as mode of payment and its up to the user which way they chooses.

JaredStein

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Bitcoin payment is 100% more secure than a credit card as that gets stolen all the time, but with BTC you can know for sure everything is safe and verified because of the Blockchain.

marukochanx3

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Quote from: rivoke on September 22, 2017, 09:29:23 AM

I think bitcoin is far more secure since CC still able be stolen or somehow being dropped on the street meanwhile if you want to stole bitcoin, you need to crack down their SHA and super complex private.
Bitcoin also provide faster and cheaper fee compare CC

Quote from: marukochanx3 on September 21, 2017, 06:04:35 PM

Since the development of technology evolved quickly. Cry

Online shopping site is more pratical than we went to the store.
There are various payment media like Bitcoin [Not all site/store using bitcoin payment method] , Credit Card , Wire Bank Transfer and other payment method. Cool

I would like to ask do you think about a more secure payment , more secure Bitcoin payment or Credit Card payment method ? Roll Eyes

yeah , because if u buy something from online webstore , your Credit Card data was saved on their database , if someone hacked their site , he maybe can using ur CC for a fraud payment and your balance was stolen.
on payment fee , i will prefer bitcoin because more cheap.
and one , bitcoin payment method can directly send , and no need verifycation because on blockchain or other wallet , its most safely because using various methods encrypted database Roll Eyes

btw sorry late reply on my topic , because i forget to tick "Notify" on my topic Cry

marukochanx3

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Quote from: SONG GEET on September 22, 2017, 12:29:31 PM

Quote from: marukochanx3 on September 21, 2017, 06:04:35 PM

I would like to ask do you think about a more secure payment , more secure Bitcoin payment or Credit Card payment method ? Roll Eyes

Your POS machine can get down for whole day and it might also reject cards numerous times when trying to accept payments from your clients.
While with bitcoin they can pay in few seconds and you can receive it in your mobile wallet. Which you can exchange with some local trading platform for fiat.

Accepting bitcoin is the good option along with credit card payments.

yeah good option payment method than credit card , because more safe , hope in future all site using added a bitcoin payment method for more safe payment platform. Cool

razzbee

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If am a buyer , I would only do debit or credit card payment because the seller is unknown to me and anything can happen, but when we talk abt security on both the sides ,btc is secured, because databases storing the cards at the sellers end can be hacked and that would be another story...

SONG GEET

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Quote from: marukochanx3 on September 21, 2017, 06:04:35 PM

I would like to ask do you think about a more secure payment , more secure Bitcoin payment or Credit Card payment method ? Roll Eyes

Your POS machine can get down for whole day and it might also reject cards numerous times when trying to accept payments from your clients.
While with bitcoin they can pay in few seconds and you can receive it in your mobile wallet. Which you can exchange with some local trading platform for fiat.

Accepting bitcoin is the good option along with credit card payments.

marukochanx3

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Quote from: Tenderino on September 22, 2017, 10:47:46 AM

For the shop owner bitcoin is unlike more secure because transactions are irreversible.

For the buyer credit cards are more secure because you can make chargebacks.

yeah , the website must have refundable rules. btw thnks for ur post on my thread Cheesy

Tenderino

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For the shop owner bitcoin is unlike more secure because transactions are irreversible.

For the buyer credit cards are more secure because you can make chargebacks.

Fortify

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It should be obvious, but both can be equally secure if implemented correctly. As a trader, it is better to give your potential customers the biggest selection of payment methods possible. You can go the difficult route and try to implement all the security methods yourself, or rely on an exchange platform to secure it for you.

rivoke

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I think bitcoin is far more secure since CC still able be stolen or somehow being dropped on the street meanwhile if you want to stole bitcoin, you need to crack down their SHA and super complex private.
Bitcoin also provide faster and cheaper fee compare CC

Quote from: marukochanx3 on September 21, 2017, 06:04:35 PM

Since the development of technology evolved quickly. Cry

Online shopping site is more pratical than we went to the store.
There are various payment media like Bitcoin [Not all site/store using bitcoin payment method] , Credit Card , Wire Bank Transfer and other payment method. Cool

I would like to ask do you think about a more secure payment , more secure Bitcoin payment or Credit Card payment method ? Roll Eyes

Topic: Bitcoin payment method or Credit card which is more secure for a website ? (Read 971 times)