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Debit and credit-card transactions don't confirm for about 120 days, which is when chargebacks become slightly more difficult. Those chargebacks also cost the m
by ericb 9y ago
Debit and credit-card transactions don't confirm for about 120 days, which is when chargebacks become slightly more difficult. Those chargebacks also cost the merchant not only the price, but a $15 chargeback fee.
- grey-area 9y agoChargebacks (i.e. unhappy customers) are a part of any business. Remedies might be business or legal, but you can't just wish them away by excluding them from a payment solution. I have no idea why you think that's related to time to confirm that a customer has money to pay for goods, which is an entirely unrelated problem which bitcoin solves badly in comparison to current payment networks, and due to its distributed nature is unlikely ever to solve well.