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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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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 ...
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 ...
16
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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?
8
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3answers
3k 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 ...
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 ...
3
votes
2answers
970 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 ...
1
vote
3answers
916 views

I have sent a person some bitcoin. He never sent me the goods. How can I get my funds back?

I have been scammed by a person and I want to dispute a bitcoin transaction.
1
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2answers
944 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 ...
1
vote
1answer
189 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 ...
0
votes
2answers
1k views

Someone bought bitcoins via hacking my PayPal account, how can I retrieve the bitcoins?

Someone has been purchasing Bitcoins using my PayPal account - which was obviously hacked. PayPal won't let me close the account yet. I'm going to be charged NSF fees by my bank - I have the Bitcoin ...
0
votes
1answer
2k views

Someone scammed me, and I want my money back. What can I do?

I was cheated by ebankbtc.com, which gave me this address: 1QiCsWaZxvNy4hXZMvQJEBcnVm5KH3fK5 You can see the transaction here: https://blockchain.info/tx/...
0
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3answers
511 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
3answers
509 views

Does bitcoin / blockchain provide any protections similar to credit cards such as chargebacks?

I understand that if I make a bitcoin payment my purchase is recorded in the blockchain and cannot be reversed. My bitcoins are gone. But all transactions imply a vendor providing a product. So ... ...
0
votes
1answer
87 views

Bitcoin's change back

I'm starting a new project that uses bitcoin. I'm afraid some feature can't be done, or aren't safe. I'd like to validate some ideas: I'll create a wallet/address and publish it on the project's ...
-2
votes
1answer
1k 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 ...