4 ms·

How many times in your life have you had to use a charge back? I never have.

• yifanl 8y ago
  Just because you've never had to use it doesn't mean it's useless.
  • kkkaizer 8y ago
    I personally feel crypto users will goto any lengths to glorify the shitty db blockchain is. If (!Supported by blockchain): Print("Useless tech and I dont use it") Else Print("HODL")
• schmichael 8y ago
  Chargebacks are like seatbelts: ideally only a tiny percentage of users ever need to actually use them, but their presence increases the safety of the system for all users.
  • deleted 8y ago
    [deleted]
• bascule 8y ago
  If you've ever had your credit card number stolen and used by a criminal for fraudulent purchases which you later disputed, you've used chargebacks.
  • krupan 8y ago
    Right, you need a remedy for the inherent insecurity of credit cards. Is it always a charge back though? In other words, are merchants eating all the costs of fraudulent credit card transactions? I guess either way the cost really gets passed on to us consumers in the end.
    • bascule 8y ago
      > you need a remedy for the inherent insecurity of credit cards Fraud and theft are fairly general problems. I would direct your attention to /r/sorryforyourloss > In other words, are merchants eating all the costs of fraudulent credit card transactions? If the goods cannot be recovered, then yes, the merchant eats the costs. > I guess either way the cost really gets passed on to us consumers in the end. Someone will always be left holding the short end of the stick when fraud occurs. The alternative to shifting the liability to the merchant is the consumer being directly accountable (rather than vicariously as you're suggesting).
• Symbiote 8y ago
  Three that I can remember. 1) When a budget airline went bankrupt, leaving me stranded in a country most people can't place on the map (i.e. limited flights out of it.) The full ticket price was refunded. 2) When a music festival I had a ticket for went bankrupt. Full ticket price refunded. 3) When a concert was cancelled, and I'd bought the ticket on a dodgy reselling website which refused to refund (ViaGoGo), saying they'd not been informed of the cancellation. It was widely reported in the music press, and there was an apology on the band's homepage. The bank refunded the money.
• dkarras 8y ago
  Remember that you don't need to use it often precisely because every party knows that you have that option. So people don't try to scam you because they know it won't work. They know it is a solved problem, a means of security they can't breach. They know that if they misbehave, the other party won't be harmed (they'll get their money back, if harming them was their intention) and they themselves will be punished instead.