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Why do you need them? With Bitcoin, your credit card can't be skimmed or stolen, you can't be charged twice or for more than you authorized. As far as not ship
by nathancahill 13y ago
Why do you need them? With Bitcoin, your credit card can't be skimmed or stolen, you can't be charged twice or for more than you authorized.
As far as not shipping a product you paid for, economics takes care of that. Not delivering purchases is a bad business model.
- nav1 13y agoAre you sure about that? If you get 1000 people to pay $100 for your "product" that you don't ship to them, that's a pretty good profit. You can just walk away with the money, never to be seen again (under that name at least). How the economics would take care of that is anyone's guess.
- sharpneli 13y agoAnd precisely because of this the we have chargebacks. As a merchant it would be lovely to accept payments only via bitcoins. As a customer I'll avoid purchasing anything if I cannot issue a chargeback. So the only way to get me to actually buy anything via bitcoins is to remove all alternatives.
- ewoodrich 13y ago> Not delivering purchases is a bad business model. Even if this were true, there are still X number of people who got ripped off with no recourse. > With Bitcoin, your credit card can't be skimmed or stolen No, but your private key can be stolen/lost, and in that event, you don't have the benefit of fraud protection.
- nathancahill 13y agoIf your private key is lost or stolen, you have bigger problems.
- the_mitsuhiko 13y agoCorrect. However stolen credit card numbers are a much smaller problem than that.