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This a seems a clear advantage for bitcoin - scammy businesses don't have access to your account to continue charging you (unlike credit cards). Sure, you can'
by ryan_j_naughton 13y ago
This a seems a clear advantage for bitcoin - scammy businesses don't have access to your account to continue charging you (unlike credit cards).
Sure, you can't do the initial chargeback but the main issue here was with the recurring charges.
Also bitcoin preventing chargebacks eliminates fraud for the retailer.
- almosnow 13y agoOn a side issue, that kind of sucks too, subscriptions are cool, let's see how they get implemented over bitcoin. Probably you could authorize your wallet holder to deduct a certanin amount each month.
- speeder 13y agoChargeback and subscription can be done using bitcoin scripting, that is part of the protocol.