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A: Chargebacks If you don't want chargebacks, accept digital cash in addition to credit cards. Give your customers a discount for digital cash, and charge your
by nym 14y ago
A: Chargebacks
If you don't want chargebacks, accept digital cash in addition to credit cards. Give your customers a discount for digital cash, and charge your price + (estimated cost of chargebacks/sales) for a given period. BitPay / Coinbase are probably your best options for accepting non-reversible digital cash.
- mindslight 14y agoThat works for the current ecosystem. As it is non-anonymous, bitcoin will eventually become infected with chargebacks. For this process to begin, it just takes one sizable stolen-from party getting the ear of an exchange.
- dminor 14y agoChargebacks are usually the result of fraud. Fraudsters don't use BitCoins for obvious reasons.