Questions tagged [chargeback]

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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16
votes
7answers
33k 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?
17
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3answers
16k 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
329 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 ...
1
vote
2answers
937 views

Charge backs on bitcoins

The bitcoin page here (https://bitcoin.org/en/you-need-to-know) says that bitcoins don’t allow chargebacks. In the current system, credit cards provide a system of checks and balances and provide ...
19
votes
8answers
7k 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 ...