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Right, but you also don't have to deal with fraudulent claw backs like with credit cards. It's not secret but it makes the integration/code easier. This is why
by swiley 5y ago
Right, but you also don't have to deal with fraudulent claw backs like with credit cards. It's not secret but it makes the integration/code easier. This is why a lot of obscure/experimental services tend to have bitcoin payment support early on and struggle with paypal/credit cards.
- handrous 5y agoRight: a vendor's not forced to care whether any bitcoin they accept was stolen, but they are forced to care whether a credit card they accept was stolen. Doing a sufficiently shitty job of keeping out purchases with stolen cards can literally end a business, in a hurry. Meanwhile nothing's going to happen about stolen bitcoin you accept—probably you'll never even know—unless there's an actual police investigation you get wrapped up in. In that respect, it's more cash-like.