Sellers of coins/precious metals are another industry which will benefit greatly by taking bitcoins.
I would think retailers who sell highly fungible products, like razors or baby formula, are also common victims of fraudsters.
Topic: No Chargebacks Benefit Which Businesses the Most? (Read 760 times)
Which businesses will benefit the most from the impossibility of chargebacks in bitcoin payment processing systems?
I know a lot of small to medium sized businesses are hurt by credit card chargebacks but I'm not sure exactly who would stand to gain the most from avoiding them.
Which industries are the worst for chargebacks and why?
I know a lot of small to medium sized businesses are hurt by credit card chargebacks but I'm not sure exactly who would stand to gain the most from avoiding them.
Which industries are the worst for chargebacks and why?
I think Software company/industries will benefit the most.
Everybody will want to sell something with no risk of chargebacks.
I doubt there is a store owner of any kind that would advertise it supports chargebacks and really meaning it.
The problems is that the ones most interested in these kind of payments networks are... scammers.
I doubt there is a store owner of any kind that would advertise it supports chargebacks and really meaning it.
The problems is that the ones most interested in these kind of payments networks are... scammers.
Thanks for the insight Maidak. Digital goods -- this makes perfect sense.
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Which businesses will benefit the most from the impossibility of chargebacks in bitcoin payment processing systems?
I know a lot of small to medium sized businesses are hurt by credit card chargebacks but I'm not sure exactly who would stand to gain the most from avoiding them.
Which industries are the worst for chargebacks and why?
I know a lot of small to medium sized businesses are hurt by credit card chargebacks but I'm not sure exactly who would stand to gain the most from avoiding them.
Which industries are the worst for chargebacks and why?
All businesses would benefit. It's not just chargebacks that hurt them but credit fees too.
Which businesses will benefit the most from the impossibility of chargebacks in bitcoin payment processing systems?
I know a lot of small to medium sized businesses are hurt by credit card chargebacks but I'm not sure exactly who would stand to gain the most from avoiding them.
Which industries are the worst for chargebacks and why?
I know a lot of small to medium sized businesses are hurt by credit card chargebacks but I'm not sure exactly who would stand to gain the most from avoiding them.
Which industries are the worst for chargebacks and why?
The online gaming retail business, if it wasn't for my virtual gold trading business I would of never known about bitcoin until way later which is why I became the first web exchange to accept it as a payment form on my mmoclub.com store
Its a billion dollar a year industry and chargeback risk factor is very high for this type of business. Kids love taking mommys credit card out of her purse to buy game gold. In 2008 I remember looking back with a 30-35% charge back rate on all orders which was a peak time in scamming I of course diminished that over time and learning a few security precautions but all preventative measures still gave about a 15-25% charge back rate on gross sales.
Also be aware there is absolutely no seller protection what so ever on digital game gold for popular online games so each and every customer you acquire you are taking a leap of faith and trust with. Regardless of who it is.
Which businesses will benefit the most from the impossibility of chargebacks in bitcoin payment processing systems?
I know a lot of small to medium sized businesses are hurt by credit card chargebacks but I'm not sure exactly who would stand to gain the most from avoiding them.
Which industries are the worst for chargebacks and why?
I know a lot of small to medium sized businesses are hurt by credit card chargebacks but I'm not sure exactly who would stand to gain the most from avoiding them.
Which industries are the worst for chargebacks and why?
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