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Topic: This is why we should all use Bitcoin and no more credit cards. (Read 931 times)

newbie
Activity: 72
Merit: 0
Yes! I Think it would be more advantage to use bitcoin rather than credit card, we all know that credit card has many hidden charges, interest and so on, we just all delighted for all its freebies sometimes but the truth is we also pay those things...unlike in bitcoin it has no hidden charges plus its only you can use it no one else did.
Credit cards cost a lot such as monthly fees, transaction fees and interest from expenses borne by credit card holders. Unlike bitcoin which is very cheap in transactions, P2P and confidentiality are better maintained because everyone expects privacy to avoid crime.
jr. member
Activity: 205
Merit: 1


Now, this will NEVER happen with Bitcoin, because nobody can automatically withdraw money from your Bitcoin address. You

have FULL control over your own money.  Cool I am not the only one - https://www.sitejabber.com/reviews/audible.com

This what I like Crypto, It gives us the full control over out funds, this is why third party shouLD not be a choice now. Knowing that we could publicly see the code, we can have assurance that are funds are all safe and no one is making out of it. Instead of storing of fund from somwhere better choose an open source wallet like Hodler wallet, this kind of storage will not let any amount to go from somewhere unless you make an action.


Without a doubt bitcoin payments methods can be consider as very secure when considering such facts because fiat related payments specially which are done using credit cards through banks there are always extra payments hidden to cover there service and for them to gain more money through our purchases but in bitcoin there is no such things and like you have mentioned no payment can be done without the owners action and that is why bitcoin is a best payment method
full member
Activity: 644
Merit: 113


Now, this will NEVER happen with Bitcoin, because nobody can automatically withdraw money from your Bitcoin address. You

have FULL control over your own money.  Cool I am not the only one - https://www.sitejabber.com/reviews/audible.com

This what I like Crypto, It gives us the full control over out funds, this is why third party shouLD not be a choice now. Knowing that we could publicly see the code, we can have assurance that are funds are all safe and no one is making out of it. Instead of storing of fund from somwhere better choose an open source wallet like Hodler wallet, this kind of storage will not let any amount to go from somewhere unless you make an action.
full member
Activity: 910
Merit: 100
all will happen if the whole world is willing to accept the existence of bitcoin and also accept payments using bitcoin, because until now only a few countries that have received bitcoin payments become legitimate may be difficult because many countries have too strict regulation.
member
Activity: 322
Merit: 17
This is a basic feature for Bitcoin
It may be one of the reasons for the war
They want to share control over your finances.
full member
Activity: 476
Merit: 100
Extortion is what it is called, and online marketing agency hide auto rebuy option when they advertise the goods online and if you do not know your money will continue to be siphoned from your bank through your card. But with Bitcoin nobody will try such stealing from your wallet. If we use bitcoin to buy online we will not have a third party charge to pay but only use P2P.
full member
Activity: 616
Merit: 100
FRX: Ferocious Alpha
Yes! I Think it would be more advantage to use bitcoin rather than credit card, we all know that credit card has many hidden charges, interest and so on, we just all delighted for all its freebies sometimes but the truth is we also pay those things...unlike in bitcoin it has no hidden charges plus its only you can use it no one else did.
jr. member
Activity: 336
Merit: 5
Most Advanced Crypto Exchange on the Blockchain
Perhaps in future there will be a dapp that will allow direct debit type transactions for subscription based services. At least they will all be traceable on the blockchain
sr. member
Activity: 1162
Merit: 268
50% bonus on your First Topup
So, I buy a Amazon Kindle Fire, because I like to read. When you configure it for the first time, you have to login with your

Amazon account (obviously) and then you are presented with 2 x FREE audio books. I accept the 2 x FREE books, to test the

audio and also to experience audio books for the first time. (I prefer reading the ebooks, but I thought I would give it a try, to

see what it sounds like.)

A month down the line, I get a sms notification from my Bank, notifying me of a payment done to "Audible" so I phone my

Bank. They inform me that it is a monthly subscription to Audible.com. (I never gave consent for "Audible" to sign me up for a

monthly subscription) This is how they do it --->  http://prntscr.com/ksqxhv  (I never even saw that, when I was offered the

2 FREE books) !!!!!!!!  Why would I sign a subscription if I just wanted to listen to the so-called FREE books?  Huh

In any way, I logged in again and cancelled the subscription and it already billed me for next month.  Angry Angry Angry

Now, this will NEVER happen with Bitcoin, because nobody can automatically withdraw money from your Bitcoin address. You

have FULL control over your own money.  Cool I am not the only one - https://www.sitejabber.com/reviews/audible.com

Yeah bitcoin is much better as a payment than mastercard.
But still few want adopted bitcoin as a payment due to high fee and random transaction speed.



Agree to that, when you have already linked a credit card in some big sites like amazon, people can manipulate you because they will have now an acess in your credit card impormation,  this is a lesson for us not to just give or even use credit cards for shopping online, btc is still the best to use.
member
Activity: 448
Merit: 10
Sometimes unscrupulous merchants will let your credit card register to enjoy some services for free!
But after the free trial ends, they will debit your credit card!
Although BTC can solve these free traps, there are still very few merchants accepting BTC payments!


I don't think that bitcoin is comparable with credit cards, they all have their own benefits but are completely different from each other.
jr. member
Activity: 350
Merit: 1
Sometimes unscrupulous merchants will let your credit card register to enjoy some services for free!
But after the free trial ends, they will debit your credit card!
Although BTC can solve these free traps, there are still very few merchants accepting BTC payments!
full member
Activity: 378
Merit: 100
Bitcoin is good but credit cards are also good in these days many companies are agree to sell through credit cards while in future may be their preference changes because now crypto is growing every where and we can make money in crypto if we have some skills in the crypto and now if we connected with it we can make progress in future.
jr. member
Activity: 205
Merit: 1
Easier said than done. I've probably done this if only I could go to our local store and use bitcoin. But unfortunately global adoption isn't THAT widely spread as of today; so most of us pretty much have no choice but to use fiat paper money and credit/debit cards because there's no alternative.

As for your incident, there were probably hidden charges for it. Something like free only for 14 days or something; shady practice, I know. Quite unfortunate.

Of course even bitcoin is a best payment method due to the lack of understanding and trust still most businesses in the world don't use bitcoin as a payment method but we can hope that in the future it will widely expand than today by adapting in to more businesses and financial systems so majority of services and products which are purchased using fiat can be purchased bitcoin
copper member
Activity: 95
Merit: 0
I like the idea of having a bitcoin use for spending rather than credit card beacuse credit card do have interest on every credit you purchase. Unlike bitcoin you profit is clearly yours with paying any tax and interest. Though the very problem is that bitcoin is not yet recognized by many industries.
jr. member
Activity: 205
Merit: 1
So, I buy a Amazon Kindle Fire, because I like to read. When you configure it for the first time, you have to login with your

Amazon account (obviously) and then you are presented with 2 x FREE audio books. I accept the 2 x FREE books, to test the

audio and also to experience audio books for the first time. (I prefer reading the ebooks, but I thought I would give it a try, to

see what it sounds like.)

A month down the line, I get a sms notification from my Bank, notifying me of a payment done to "Audible" so I phone my

Bank. They inform me that it is a monthly subscription to Audible.com. (I never gave consent for "Audible" to sign me up for a

monthly subscription) This is how they do it --->  http://prntscr.com/ksqxhv  (I never even saw that, when I was offered the

2 FREE books) !!!!!!!!  Why would I sign a subscription if I just wanted to listen to the so-called FREE books?  Huh

In any way, I logged in again and cancelled the subscription and it already billed me for next month.  Angry Angry Angry

Now, this will NEVER happen with Bitcoin, because nobody can automatically withdraw money from your Bitcoin address. You

have FULL control over your own money.  Cool I am not the only one - https://www.sitejabber.com/reviews/audible.com

What you have mentioned has happened for me like many and this is a one major reason why bitcoin payments methods can be consider as very beneficial than fiat related payments specially which are done using credit cards through banks because there is always a extra payment hidden to cover there service and for them to gain more money through our purchases but in bitcoin there is no such things and that is why it is a best payment method
full member
Activity: 1218
Merit: 105
So, I buy a Amazon Kindle Fire, because I like to read. When you configure it for the first time, you have to login with your

Amazon account (obviously) and then you are presented with 2 x FREE audio books. I accept the 2 x FREE books, to test the

audio and also to experience audio books for the first time. (I prefer reading the ebooks, but I thought I would give it a try, to

see what it sounds like.)

A month down the line, I get a sms notification from my Bank, notifying me of a payment done to "Audible" so I phone my

Bank. They inform me that it is a monthly subscription to Audible.com. (I never gave consent for "Audible" to sign me up for a

monthly subscription) This is how they do it --->  http://prntscr.com/ksqxhv  (I never even saw that, when I was offered the

2 FREE books) !!!!!!!!  Why would I sign a subscription if I just wanted to listen to the so-called FREE books?  Huh

In any way, I logged in again and cancelled the subscription and it already billed me for next month.  Angry Angry Angry

Now, this will NEVER happen with Bitcoin, because nobody can automatically withdraw money from your Bitcoin address. You

have FULL control over your own money.  Cool I am not the only one - https://www.sitejabber.com/reviews/audible.com
I have some kind of similar experience too on those so-called "free stuff" on the internet and this kind of scam should stop and I really agree with the help of Bitcoin and its blockchain system this kind of sh*ts will eventually put into an end. Their strategy is to tell you that you try this or try that and its free no need to pay for anything and eventually you'll see your bills that you are actually paying for that free stuff and it's pretty frustrating that these companies do that to be able to get some money from customers. Sad

Easier said than done. I've probably done this if only I could go to our local store and use bitcoin. But unfortunately global adoption isn't THAT widely spread as of today; so most of us pretty much have no choice but to use fiat paper money and credit/debit cards because there's no alternative.

As for your incident, there were probably hidden charges for it. Something like free only for 14 days or something; shady practice, I know. Quite unfortunate.
This kind of shady practices of those greedy companies must stop and Bitcoin is the solution to this kind of problem but it is still a long way for this revolution to happen and occur at the current situation on Crypto Currencies.
newbie
Activity: 6
Merit: 0
Its not just Audible. Itunes, spotify, skillshare and etc. doing the same. They give you free trial (1 or 3 month) and after that they automatically charge from your bank. (which you have to fill in bank info before use free trial) This is annoying me so much and many times i have to cancel the subscription. Fot btc is easy because you control the payment. 
newbie
Activity: 32
Merit: 0
Payment by bitcoin is more useful and convenient than credit cards. that's the reason why people want to use bitcoin than credit.
newbie
Activity: 70
Merit: 0
So, I buy a Amazon Kindle Fire, because I like to read. When you configure it for the first time, you have to login with your

Amazon account (obviously) and then you are presented with 2 x FREE audio books. I accept the 2 x FREE books, to test the

audio and also to experience audio books for the first time. (I prefer reading the ebooks, but I thought I would give it a try, to

see what it sounds like.)

A month down the line, I get a sms notification from my Bank, notifying me of a payment done to "Audible" so I phone my

Bank. They inform me that it is a monthly subscription to Audible.com. (I never gave consent for "Audible" to sign me up for a

monthly subscription) This is how they do it --->  http://prntscr.com/ksqxhv  (I never even saw that, when I was offered the

2 FREE books) !!!!!!!!  Why would I sign a subscription if I just wanted to listen to the so-called FREE books?  Huh

In any way, I logged in again and cancelled the subscription and it already billed me for next month.  Angry Angry Angry

Now, this will NEVER happen with Bitcoin, because nobody can automatically withdraw money from your Bitcoin address. You

have FULL control over your own money.  Cool I am not the only one - https://www.sitejabber.com/reviews/audible.com

I totally agree with you that Bitcoin is better than using credit cards because I did experience the same things as well and I just wasted my few dollars paying for bills that is basically stated free for 1 month and once i cancel the monthly subscription, they already charge me for the next month which is super annoying and troublesome until I had to called them to cancel the monthly subscription.
newbie
Activity: 42
Merit: 0
I think bitcoin is an element of the future payment system that gives people a lot of advantages and it does not depend on goverment
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