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Friendly fraud can be faught. Both person's are known to the payment processor. You are still ignoring that it's the customer who decides how to pay. That's why

Friendly fraud can be faught. Both person's are known to the payment processor. You are still ignoring that it's the customer who decides how to pay. That's why a vendor won't pick crypto when the goal is selling products as in e-commerce. Moving goal posts? And you're talking about jobs in fan/artist investing now? Honestly, i think that could have a chance. Same as Blockchain for voting rights for soccer clubs. I already said that's possible and it's not related to the topic at hand: > You're examples are similar to crypto investments, which is almost the only thing people would spend their crypto on. But if you think any of both are even remotely related to the OP's post, than that's just idiotic.

rvz 5y ago
> Friendly fraud can be faught. Both person's are known to the payment processor. You are still ignoring that it's the customer who decides how to pay. The merchant is highly likely going to lose more money towards fighting friendly fraud on top of the chargeback fees regardless if the customer knowingly paid for the service, product or not or if both are known to the payment processor. That is irrelevant since it is the bank who decides who wins the dispute and the payment processor sides with them, even when the bank cannot determine if the chargeback is fraudulent or not. > That's why a vendor won't pick crypto when the goal is selling products as in e-commerce. So you mean 'running an online store, selling something digital or physical' as in e-commerce? Didn't stop 'this vendor' from selling limited edition shoes to its customers. [0] nor did it stop this vendor either [1]. Once again, OpenSea, Rarible, etc selling NFTs like domain names, etc. Nor did it stop merchants using Coinbase commerce. Since you keep forgetting, do I need to repeat the same examples again? > And you're talking about jobs in fan/artist investing now? This is you: >> You should ask HN if there is any business owner that cares, lol. It seems you forgot already? It was only because YOU asked here on HN for 'any' business owner. I didn't need to ask given this one seems to care. > But if you think any of both are even remotely related to the OP's post, than that's just idiotic. So '...running an online store, selling something digital or physical' is not what the OP said? Neither it being related to 'e-commerce' via buying and selling NFTs, domain names, shoes and clothes? That is idiotic because it involves cryptocurrencies, especially those that have low fees? It is clear that you are still having a hard time accepting that a new generation of merchants and customers are accepting and using cryptocurrencies for payments 'globally' rather than you sitting there saying 'Nothing fundamentally has changed since 2017' or 'Many ecoms added support in 2017 and removed that functionality again.' and 'But it's all going away when BTC drops again.'. [0] https://rtfkt.com/home https://rtfkt.com/home [1] https://pacsun.com https://pacsun.com
- NicoJuicy 5y ago
  Friendly fraud is allowed to sue in court. The beauty of know your customer. https://www.pacsun.com/ https://www.pacsun.com/ accepts regular payments options, PayPal and also has BitPay. What's the proof? What's your point? You have a breakdown of revenue per payment option? https://rtfkt.com/ https://rtfkt.com/ became a useless site? 2 forging events 6 months ago? Acqui hire for their AR experience? Who knows. No take-over price is included. It really says nothing on it's own. They sold virtual sneakers for 10 k. $ per pop, with a total of 621 pairs. Sure, that's 'normal e-commerce', even the price on it's own is 1910 times the median crypto wallet in the US. And to be honest, that's a pretty low sales volume. I think I have plenty of e-commerce experience ;). The % of crypto interest for selling/buying goods is neglectable to zero for online shops. The median amount of money in crypto in the US is 191 $. So "the new generation" you're talking about is really poor or just using it as a shot to the moon. Whatever you think is appropriate. Facts: Here a breakdown from square, the only one that left crypto as payment option for a long term and enabling crypto trading, so should even be skewing stats in crypto & square's favor: https://www.fool.com/investing/2021/05/13/heres-how-much-square-is-relying-on-bitcoin/ https://www.fool.com/investing/2021/05/13/heres-how-much-squ... https://www.pymnts.com/cryptocurrency/2021/united-wholesale-mortgage-does-about-face-drops-crypto-payments/ https://www.pymnts.com/cryptocurrency/2021/united-wholesale-... > “There was not enough demand at the end of the day to really push the envelope too hard,” > Although people indicated support for crypto and “said it was cool,” it wasn’t a decision-making factor, Ishbia added. And please. If you want to refer articles, refer articles where crypto payments were used and researched. Not a opinionated user survey under existing coin holders like: https://cointelegraph.com/news/new-study-reveals-high-demand-for-payments-in-cryptocurrency https://cointelegraph.com/news/new-study-reveals-high-demand... Research that almost no one uses their crypto's: https://archive.is/e5cua https://archive.is/e5cua ( 2019 ) - if you want to defy this. Just give me newer research, i couldn't find any. Latest report i could find for Coinbase Commerce ( 2020 ): 200 million $ in processed transactions in 2 years. https://www.crowdfundinsider.com/2020/03/159450-coinbase-commerce-has-now-processed-over-200-million-in-cryptocurrency-transactions-since-launch/amp/ https://www.crowdfundinsider.com/2020/03/159450-coinbase-com...
  - rvz 5y ago

rvz 5y ago

> Friendly fraud can be faught. Both person's are known to the payment processor. You are still ignoring that it's the customer who decides how to pay. The merchant is highly likely going to lose more money towards fighting friendly fraud on top of the chargeback fees regardless if the customer knowingly paid for the service, product or not or if both are known to the payment processor. That is irrelevant since it is the bank who decides who wins the dispute and the payment processor sides with them, even when the bank cannot determine if the chargeback is fraudulent or not. > That's why a vendor won't pick crypto when the goal is selling products as in e-commerce. So you mean 'running an online store, selling something digital or physical' as in e-commerce? Didn't stop 'this vendor' from selling limited edition shoes to its customers. [0] nor did it stop this vendor either [1]. Once again, OpenSea, Rarible, etc selling NFTs like domain names, etc. Nor did it stop merchants using Coinbase commerce. Since you keep forgetting, do I need to repeat the same examples again? > And you're talking about jobs in fan/artist investing now? This is you: >> You should ask HN if there is any business owner that cares, lol. It seems you forgot already? It was only because YOU asked here on HN for 'any' business owner. I didn't need to ask given this one seems to care. > But if you think any of both are even remotely related to the OP's post, than that's just idiotic. So '...running an online store, selling something digital or physical' is not what the OP said? Neither it being related to 'e-commerce' via buying and selling NFTs, domain names, shoes and clothes? That is idiotic because it involves cryptocurrencies, especially those that have low fees? It is clear that you are still having a hard time accepting that a new generation of merchants and customers are accepting and using cryptocurrencies for payments 'globally' rather than you sitting there saying 'Nothing fundamentally has changed since 2017' or 'Many ecoms added support in 2017 and removed that functionality again.' and 'But it's all going away when BTC drops again.'. [0] https://rtfkt.com/home https://rtfkt.com/home [1] https://pacsun.com https://pacsun.com

NicoJuicy 5y ago
Friendly fraud is allowed to sue in court. The beauty of know your customer. https://www.pacsun.com/ https://www.pacsun.com/ accepts regular payments options, PayPal and also has BitPay. What's the proof? What's your point? You have a breakdown of revenue per payment option? https://rtfkt.com/ https://rtfkt.com/ became a useless site? 2 forging events 6 months ago? Acqui hire for their AR experience? Who knows. No take-over price is included. It really says nothing on it's own. They sold virtual sneakers for 10 k. $ per pop, with a total of 621 pairs. Sure, that's 'normal e-commerce', even the price on it's own is 1910 times the median crypto wallet in the US. And to be honest, that's a pretty low sales volume. I think I have plenty of e-commerce experience ;). The % of crypto interest for selling/buying goods is neglectable to zero for online shops. The median amount of money in crypto in the US is 191 $. So "the new generation" you're talking about is really poor or just using it as a shot to the moon. Whatever you think is appropriate. Facts: Here a breakdown from square, the only one that left crypto as payment option for a long term and enabling crypto trading, so should even be skewing stats in crypto & square's favor: https://www.fool.com/investing/2021/05/13/heres-how-much-square-is-relying-on-bitcoin/ https://www.fool.com/investing/2021/05/13/heres-how-much-squ... https://www.pymnts.com/cryptocurrency/2021/united-wholesale-mortgage-does-about-face-drops-crypto-payments/ https://www.pymnts.com/cryptocurrency/2021/united-wholesale-... > “There was not enough demand at the end of the day to really push the envelope too hard,” > Although people indicated support for crypto and “said it was cool,” it wasn’t a decision-making factor, Ishbia added. And please. If you want to refer articles, refer articles where crypto payments were used and researched. Not a opinionated user survey under existing coin holders like: https://cointelegraph.com/news/new-study-reveals-high-demand-for-payments-in-cryptocurrency https://cointelegraph.com/news/new-study-reveals-high-demand... Research that almost no one uses their crypto's: https://archive.is/e5cua https://archive.is/e5cua ( 2019 ) - if you want to defy this. Just give me newer research, i couldn't find any. Latest report i could find for Coinbase Commerce ( 2020 ): 200 million $ in processed transactions in 2 years. https://www.crowdfundinsider.com/2020/03/159450-coinbase-commerce-has-now-processed-over-200-million-in-cryptocurrency-transactions-since-launch/amp/ https://www.crowdfundinsider.com/2020/03/159450-coinbase-com...
- rvz 5y ago