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Why would anyone trust Dwolla for these transfers when they are not able to even handle the current fraud they get? Using a third party so heavily will just mea
by shtylman 14y ago
Why would anyone trust Dwolla for these transfers when they are not able to even handle the current fraud they get? Using a third party so heavily will just mean you are completely subject to their whims.
How does this system handle chargebacks? What is the incentive for a bank to use this over the well established ACH?
- JoshTriplett 14y ago> How does this system handle chargebacks? How does cash handle chargebacks? How can we possibly do so much business with a financial instrument that provides no way to un-pay someone you've already paid?
- count 14y agoCash is generally hard to steal in bulk. You can't just get a bunch of numbers from people surreptitiously and then empty their entire life savings in effectively untraceable milliseconds.
- JoshTriplett 14y agoAn absence of chargebacks does not mean "effectively untraceable". Even cash is potentially traceable, and this seems quite a bit more traceable than cash (which represents both a feature and a bug).
- shtylman 14y agoI actually meant this as a negative. I view chargebacks as a pain point in many cases (for merchants etc) not a positive. I was hinting at the the fact that this system probly has chargebacks and again is no better than before.