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Topic: How do Chargebacks work? - page 2. (Read 2907 times)

full member
Activity: 180
Merit: 100
September 13, 2013, 09:50:22 PM
#6
Using a reversable payment method to buy bitcoins is generally bad for the btc seller. You gotta have a lot of trust to donut, that the person won't charge back.  Its hard for a cc company to know who got sent the bitcoins, wallet addresses can belong to anyone.

Yup that make sense. But what if the product ( non-bitcoin) how do people chargeback against it?  Meaning the item they are purchasing is non-bitcoin related  but still will be used to get Bitcoins.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
September 13, 2013, 09:49:56 PM
#5
The way I understand it is if the Merchant is in breach of their legal contract as a seller of goods or services the buyer can file a complaint and have the authorities force a chargeback on the merchant's account.

I personally never initiated one...ever.                                            
newbie
Activity: 56
Merit: 0
September 13, 2013, 09:49:05 PM
#4
Using a reversable payment method to buy bitcoins is generally bad for the btc seller. You gotta have a lot of trust to donut, that the person won't charge back.  Its hard for a cc company to know who got sent the bitcoins, wallet addresses can belong to anyone.
full member
Activity: 180
Merit: 100
September 13, 2013, 09:43:08 PM
#3
Bitcoin has no chargebacks.

Yes, got that part. I'm speaking about Credit Card chargebacks.
Updated post to reflect this.
member
Activity: 122
Merit: 10
September 13, 2013, 09:40:20 PM
#2
Bitcoin has no chargebacks.
full member
Activity: 180
Merit: 100
September 13, 2013, 09:31:10 PM
#1
Hypothetically, if I was able to sell a product x for which is bought via credit card in order to buy Bitcoins  can someone get away with saying they never got the product x ? In other words, they can't claim they never got it the item when it will be very obvious.
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