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It’s like you’ve never dealt with chargebacks.
by ryanlol 8y ago
It’s like you’ve never dealt with chargebacks.
- hudon 8y agoChargebacks protect users from fraudsters, which is exactly what the featured article is saying is a major problem in the cryptocurrency space. Millions of people getting scammed with no legal recourse is a problem. Retailers dealing with chargebacks less so... I've never heard of the "Merchants are thinking of no longer selling anything due to chargebacks" problem.
- ryanlol 8y agoEither I ask customers to send me loads of PII, or I ask them to make their first payments in bitcoin. I’ll always choose the latter.
- abalone 8y agoIt's like you've never been ripped off by someone selling you a watch on an internet forum.
- ryanlol 8y agoInfinitely easier to vet sellers than buyers.
- abalone 8y agoFalse. Random sellers on internet forums are not easy to vet at all. The whole point of chargebacks is you don't have to vet the seller.
- ryanlol 8y agoSure, that’s the point of chargebacks. Everybody knows this. What is the point you are trying to make? That you’re too dumb to not buy from “random sellers”?
- abalone 8y agoSo you think people who get defrauded on the Internet are "dumb". I can see why you like cryptocurrency.
- ryanlol 8y agoI’ve been scammed on the internet, but %-wise it’s comparable to credit card fees.
- abalone 8y agoBecause you "vet" sellers. Somehow. Infinitely easily. For the rest of us mere mortals, the consumer protections offered by cards are an essential foundation of Internet commerce.
- ryanlol 8y agoAgain, is there a point you’re trying to make here? Can you read? Good! Then you can read reviews.