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Instant and no-fee I can get behind but irreversible sounds like an awesome way to lose a lot of money.
by bityard 4y ago
Instant and no-fee I can get behind but irreversible sounds like an awesome way to lose a lot of money.
- notch656c 4y agoReversibility means risk incurred on the transfer system which means not free. Reversibility to the people you pay also means you pay a premium as the vendor has to self or externally insure the risk the funds will be recalled.
- wintermutestwin 4y agoI've seen it IRL. Zelle claims no responsibility and that they can't track what they sent.
- salawat 4y agoFines for failure to implement legally mandated Anti-Money Laundering measures in 3...2...1... Seriously. If they can't, it will not be long until the omission is noticed.
- plsbenice34 4y agoI only ever worry of the opposite: reversibility leading to chargeback scams.