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>One of the biggest drawbacks for CASH is that transactions can't be revoked after the fact, and there's no additional human oversight (like I'd get when sendin
by xtracto 5y ago
>One of the biggest drawbacks for CASH is that transactions can't be revoked after the fact, and there's no additional human oversight (like I'd get when sending a large amount of money through a bank) to protect me.
Snark aside, my 70yo dad fell into a very stupid fraud where someone called him and convinced him to send money from his bank account to some other (this is using Mexican Gov digital money transfer network SPEI). After he did and realized it was a scam, he called his bank and they basically told him that they couldn't reverse it, nor do anything.
So, bank transactions are not as revocable as they want you to think, for the lay person at least.
- rvz 5y ago> So, bank transactions are not as revocable as they want you to think, for the lay person at least. Santander [0] agrees with you. [0] https://www.bbc.com/news/business-59826345 https://www.bbc.com/news/business-59826345