Topic: Why I hate Banks and love Bitcoin :-> - page 12. (Read 9021 times)
In this case i personally not prefer to use credit cards to boost speed of transactions because in my country if use credit card regularly then monthly fees will be pretty expensive so i prefer to banks transfers which is the common problem from transfer different banks will took time longer however indeed bitcoin can solved this issue because transactions will made less than hour but unfortunately banks especially government cannot let bitcoin involved in this part
This story surprises me because normally debit card and credit card payments take the same time to process. Or it wasn't a debit card but a bank payment or smth?
Use paypal or credit card, also bitcoin could have taken way longer than 20 minutes, sometimes it takes hours too so your example is pretty shitty if you want to make banks look worse than bitcoin. You had several options for instant payment, its your fault for refusing to use them, not the bank.
I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.
I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!
8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again.
A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished.
If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service.
I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!
8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again.
A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished.
If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service.
This is so true, some transactions if made via bank would take a few hours or sometimes days before it reaches or finishes the transaction. Unlike if you will pay via bitcoin, you would be able to cut banking fees or unnecessary delays. The convenience of taking awayt hird party involvement in transactions made it faster and cheaper.
A lot of people would have said, "Use your credit card" because it would have been much faster, but I prefer not to use credit cards to pay for things, because I hate adding to the debt problems of this country.
I also did not anticipate that it would take this long, because I pay this before the payment date every month and my viewing has never been blocked before.
The problem is, Bank transfers between different Banks sometimes takes between 12 to 48 hours and in todays world, this is unacceptable.
I also did not anticipate that it would take this long, because I pay this before the payment date every month and my viewing has never been blocked before.
The problem is, Bank transfers between different Banks sometimes takes between 12 to 48 hours and in todays world, this is unacceptable.
I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing. I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot! 8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again.
A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service.
A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished.
If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. I find your story encouraging and I am hoping that soon more and more will have the same experience so we can realize the beauty, advantages and benefits in using bitcoin instead of the usual banking system. Though I am not believing that we should do away with banks, I think that people should be including bitcoin as one of the most viable options...this message goes to many merchants as well to start thinking how they can incorporate bitcoin into their ecosystem.
This is why bitcoin would help us alot if just the government will adopt it as payment method for every available services.
Bank and wire transfers takes 1-3 days of processing and when the transaction is done you still need to wait for few hours for the service the back lol.While in bitcoin the longest time you need to wait for a transaction to be confirmed is just about an hour.
Bank and wire transfers takes 1-3 days of processing and when the transaction is done you still need to wait for few hours for the service the back lol.While in bitcoin the longest time you need to wait for a transaction to be confirmed is just about an hour.
I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.
I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!
8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again.
A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished.
If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service.
I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!
8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again.
A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished.
If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service.
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