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Here's an example that really happened to me: I legitimately wanted to use my Canadian credit card to buy something in the US and have it shipped to me in Viet
by aianus 12y ago
Here's an example that really happened to me:
I legitimately wanted to use my Canadian credit card to buy something in the US and have it shipped to me in Vietnam but the merchant naturally was unwilling to take on the chargeback risk and I was unable to complete the purchase.
- lmm 12y agoIf you're willing to just unconditionally trust the merchant like you would with bitcoin, can't you use a wire transfer (western union etc.)?
- aianus 12y agoA SWIFT wire transfer costs $40 a pop and requires me to visit a branch (which is especially hard to do when I'm 10,000 km away from home). It's also much more annoying for the merchant to accept vs. changing one line of code in their Stripe checkout. Western Union is also expensive and inconvenient (although somewhat less so than the bank).
- ryanlol 12y agoYou should seriously consider switching banks in that case, what bank doesn't let you do wire transfers online?
- aianus 12y agoI think all of them here in Canada (unless you have some special merchant account). The banks all claim that you won't be held responsible for any fraudulent use of your account online. They wouldn't be able to claim that if you could do irreversible wire transfers. Where do you live?
- ryanlol 12y agoI live in Finland, and the whole concept of not being able to send wire transfers from your online banking (or even a phone app) sounds utterly ridiculous. This seems to be the norm in most of Europe. AFAIK the big US banks let you do wire transfers online too.