Topic: Chargebacks - page 3. (Read 3897 times)
yeah u are right..u can use escrow for more safe transaction
Escrow is just a OPTION, you don't NEED to use. If you are worry about fees, trade directly with the seller/buyer.
Agree with all that. In the future, escrow-based transactions will be much more commonplace. Buyer doesn't have to trust the seller, seller doesn't have to trust the buyer, both just have to trust the escrow agent. Much better than current ebay / paypal "mess / scams" with disputed transactions.
Better, perhaps, but negates the cost benefit of Bitcoin where escrow is used and a fee is charged. I can understand this from the point of view of businesses but not from the point of view of the consumer. Why would people switch to start paying in BTC if they have no comeback should whatever it is they purchased not be as described or not received?
When using an irreversible payment method, consumers have to make a conscious effort to transact with businesses that have a solid history of being honest and trustworthy, or use escrow. Consumers that aren't ready and willing to take on this responsibility, shouldn't be using irreversible payment methods.
Just wondering if the general consensus from long time Bitcoin users is that if someone is stupid enough to send money to a company that is so obviously not legitimate they deserve to loose their money?
Yes. Freedom and responsibility go hand-in-hand.
Agree with all that. In the future, escrow-based transactions will be much more commonplace. Buyer doesn't have to trust the seller, seller doesn't have to trust the buyer, both just have to trust the escrow agent. Much better than current ebay / paypal "mess / scams" with disputed transactions.
I can understand this from the point of view of businesses but not from the point of view of the consumer. Why would people switch to start paying in BTC if they have no comeback should whatever it is they purchased not be as described or not received?
When using an irreversible payment method, consumers have to make a conscious effort to transact with businesses that have a solid history of being honest and trustworthy, or use escrow. Consumers that aren't ready and willing to take on this responsibility, shouldn't be using irreversible payment methods.
Just wondering if the general consensus from long time Bitcoin users is that if someone is stupid enough to send money to a company that is so obviously not legitimate they deserve to loose their money?
Yes. Freedom and responsibility go hand-in-hand.
In nearly all the posts I read regarding Bitcoin people mention that irreversible transactions are fantastic and the way forward.
I can understand this from the point of view of businesses but not from the point of view of the consumer. Why would people switch to start paying in BTC if they have no comeback should whatever it is they purchased not be as described or not received?
I read it all the time, people saying how they sent x thousands of $ to a random company they found on the internet in expectation that they would receive BTC in return - of course many people get ripped off and have no comeback as they are sending payments by non reversible methods.
If Bitcoin will continue to gain ground it will not only change how payments are sent and received but will change the very nature of how things are done leading to a survival of the fittest scenario where people not blessed with a large amount of common sense end up penniless and destitute.
I have read so many sob stories on this forum from people who have sent money for BTC to a company with no address listed on their site based in some backward country that it makes you think how could someone be so stupid? I have also read recently someone who sent money 3 times to the same company as each time they gave an excuse as to why they needed more? I mean come on!
Just wondering if the general consensus from long time Bitcoin users is that if someone is stupid enough to send money to a company that is so obviously not legitimate they deserve to loose their money?
I can understand this from the point of view of businesses but not from the point of view of the consumer. Why would people switch to start paying in BTC if they have no comeback should whatever it is they purchased not be as described or not received?
I read it all the time, people saying how they sent x thousands of $ to a random company they found on the internet in expectation that they would receive BTC in return - of course many people get ripped off and have no comeback as they are sending payments by non reversible methods.
If Bitcoin will continue to gain ground it will not only change how payments are sent and received but will change the very nature of how things are done leading to a survival of the fittest scenario where people not blessed with a large amount of common sense end up penniless and destitute.
I have read so many sob stories on this forum from people who have sent money for BTC to a company with no address listed on their site based in some backward country that it makes you think how could someone be so stupid? I have also read recently someone who sent money 3 times to the same company as each time they gave an excuse as to why they needed more? I mean come on!
Just wondering if the general consensus from long time Bitcoin users is that if someone is stupid enough to send money to a company that is so obviously not legitimate they deserve to loose their money?
Jump to: