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> In any case, I don't pay transaction fees the merchant does. Unless you're one of those operating small businesses. > It's at least one reason to love bitco
by Sayrus 2y ago
> In any case, I don't pay transaction fees the merchant does.
Unless you're one of those operating small businesses.
> It's at least one reason to love bitcoin and other crypto.
Sure but what happens in case of fraud, or if I need to initiate a dispute ? What are the fees for that transaction ?
- akira2501 2y ago> Sure but what happens in case of fraud, or if I need to initiate a dispute ? What are the fees for that transaction ? Well, yea, exactly. I'm pointing out two systems that are diametrically opposed and nothing in the middle. It highlights the fact the market is broken. This is one consequence of that. > Unless you're one of those operating small businesses. Ironically, I never took credit. Cash or Check only. Handling costs don't apply because the chain of custody is just myself.
- manuelmoreale 2y agoHere in the EU I don’t think you can go cash only as a business. It’s just not an option. I’m ignoring checks because those aren’t a thing anymore. Only people in their 70s might still use them.
- lxgr 2y agoThe EU isn't one homogenous place in terms of local habits and practices. In at least some countries you can totally get away with being cash only (although less so since the pandemic).
- manuelmoreale 2y agoOk I’m not sure if it’s an EU thing or not then but I think here in Italy, if you run a business, you’re not legally allowed to go cash only. It’s just not an option. You must accept traceable payments either via cards or direct bank transfer.
- Sayrus 2y agoTo provide another data point, in France you are allowed to refuse credit cards or checks. Cash is the only payment method that you cannot refuse but there are exceptions for that as well.