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>no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly? (By dollars directly, I assume you mean by cred
by AgentME 12y ago
>no, the only crutch is why should I buy bitcoins with my dollars when I can just pay with my dollars directly?
(By dollars directly, I assume you mean by credit card or paypal.)
Credit cards and paypal come with the ability to do chargebacks which are useful if you don't fully trust whoever you're paying, but credit card companies and paypal are middlemen who must be trusted too. If I trust the company I'm giving money to more than I trust paypal to not fuck up or delay the transaction, then I'll immediately choose to use Bitcoin.
- skizm 12y agoI guess that's the rub. As a customer (not a merchant) I will always trust paypal or visa over the person I am paying. If something doesn't get delivered, I get my money back. Also Stripe is now the middleman. I'm not giving BTC to a merchant, I'm giving it to stripe to give to the merchant. That's good also, because I trust stripe more than merchant XYZ.
- vertex-four 12y agoI'll note that Stripe will likely not refund you if the merchant refuses to. They do do some minor checking that the entity you're paying actually exists, though.
- jfoster 12y agoPayPal and Visa are additional layers of trust. It's not them or the merchant, it's them and the merchant. Meaning that if something goes wrong, you can ask the merchant to make it right. If the response is unsatisfactory, you can then go to PayPal or Visa to essentially overrule the merchant. The additional layers of trust are a good thing for consumers to take up unless merchants apply surcharging based on payment methods.
- thesimpsons1022 12y agopaypal never delays anyone who is paying a real merchant. only delays i've seen have been associated with ebay.