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The rush to defend credit cards on this thread is staggering but extremely interesting to me! It seems the consensus is that in the absence of an ideal solution
by tomasien 13y ago
The rush to defend credit cards on this thread is staggering but extremely interesting to me! It seems the consensus is that in the absence of an ideal solution, we love credit cards (especially in the USA). Two really important things:
1. Consumer protections are not a Credit Card thing - chargebacks and literally every single protection CC's give you are legally mandated by Regulation E - all payment processors must have them in place. It's unclear how this will relate to BTC, but other solutions (including my own) have this to the letter the same way CC's do. CC's want you to believe it's them, it's not - the US Government made those regulations.
2. Yes Billing and Shipping Address are needed in every instance - but there are better ways than typing them out, especially on a mobile phone. Sure there are services that can save that info for you, but a better solution is a network that already knows that info. Stripe could build that with their "remember me" features, I've built that by using the information your bank has. There are solutions, and we need them to move into mobile commerce where it's impossible for every app to have your info pre-saved. In a world outside the browser, we need better options.
- tim333 13y agoRe 1) Maybe in the US that's true but in the UK the protections on credit cards are not the same as for other payment methods such as debit cards. Debit cards do not cover you if the business you paid goes broke for example while credit cards do. This happens fairly often with travel companies who sell holidays and then go bust before you travel.