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.

learn more… | top users | synonyms

1
vote
1answer
114 views

Given that contracts can be formed in the blockchain using scripts, couldn't a contract include a mechanism for facilitating chargebacks? [duplicate]

While I understand that chargebacks, or the lack thereof are an important feature for encouraging merchants to adopt bitcoin, the reverse may be true for consumers. There is probably a balance to be ...
-2
votes
1answer
258 views

How credit/debit card chargebacks can be used

Can someone explain to me what chargebacks are and how I can use it to get my money if I buy bitcoins with debit/credit card. I heard about this thing for first time when I started to use bitcoins and ...
0
votes
3answers
257 views

Bitcoin Supporting Chargebacks

I've heard there was a proposal to support some form of chargeback in an upcoming release of the Bitcoin Protocol. My first question is this rumor factually accurate and if so how will it be ...
0
votes
1answer
679 views

How should I safely buy/sell a preorder for Bitcoin mining equipment?

Suppose I need to buy/sell a preorder for Bitcoin mining equipment. What is the safest approach (for both the buyer and seller) to conduct this transaction? Does it matter if this transaction is ...
7
votes
2answers
931 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 ...
14
votes
4answers
5k 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 ...
5
votes
3answers
253 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 ...
18
votes
9answers
5k 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 ...
8
votes
5answers
3k 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?