A chargeback is the return of funds to a consumer, forcibly initiated by the consumer's issuing bank. Bitcoin transactions are irreversible and as such not prone to chargebacks.
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2answers
295 views
Which payment processors do not allow for chargeback?
I would like to receive a payment for selling my bitcoins. I don't trust the person much, so I will ask for money in advance. However, I'm not sure which payment processors could I use for such a ...
12
votes
4answers
2k views
Why is Bitcoin so susceptible to credit card fraud?
I understand that you can't buy Bitcoins with a credit card due to massive fraud problems involving chargebacks. Why is Bitcoin more susceptible to this then the thousands of other businesses that ...
4
votes
2answers
176 views
Can Scripts be used to implement Chargebacks?
I went ahead and wrote this semi-detailed post about how to implement Chargebacks, when I hit my head and said "Doh, maybe this can just be implemented more cleanly with Scripts".
So ... is there a ...
13
votes
5answers
1k views
Which Bitcoin escrow services are available - and reliable?
For some transaction, the possibility of generating "chargebacks" might be very useful. For example, when trust cannot be established between both parties. In such cases, a trusted third party may be ...
7
votes
4answers
663 views
Can a bitcoin transaction be reversed?
If I sent bitcoins to someone, but then want to cancel this transaction after it was already made (like a chargeback on a credit card), is this possible with Bitcoin?
