4 ms·

Higher risk for consumers, your credit card company can't back you up if you never receive what you paid for.

• gnaritas 13y ago
  Higher risk for consumers on a purchase, lower risk for consumers of being defrauded by billing scams or skimming from those who have access to their card numbers. Consumers are accustomed to the risk of cash; and many would be more than happy to use Internet cash since they trust their vendors. They'd still have the card option for unknown vendors. Bitcoin simply adds a cash choice. This isn't an either or situation; it's a now you have two options situation. Bonus, teenagers can now shop online.
• tomasien 13y ago
  The concept that credit cards are lower risk to consumers than ANYTHING is laughable to me, but I can stop laughing long enough to consider it for BTC. BTC has a lot of consumer risk right now, anything OTHER than BTC is better than CC's though.
  • IanCal 13y ago
    > The concept that credit cards are lower risk to consumers than ANYTHING is laughable to me Can you explain why? Imagine I buy a car for £5000 and put £100 on my visa credit card and pay £4900 in cash. If the dealership goes under I can get all of my money back from visa. Similarly if they just fail to deliver or there are serious problems I can push visa and get my money back. That gives a massive amount of protection against a wide range of things. What would be better, or what are the staggering other risks?