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Re: Why would customers use Bitcoins?
by
agustina2
on 05/05/2016, 11:34:08 UTC
I don't see why "cheapest, fastest, most secure" is not enough? I have saved hundreds of dollars in fees.


Say i buy an Oz. of gold from Amagi (or whoever). It is $1350.58 if I used a credit card. If I instead use bitcoin I pay only $1311.37.

If I pay with a credit card the seller has to wait for verification to send with confidence. If I pay with bitcoin the money is theirs within an hour and they know it can't be clawed back.

If I pay with credit card I must expose all the information needed to steal from me. If I pay with BTC the seller does not even know who paid. Which is no big deal for them.

cheap? I pay ZERO fees when I am using my card, it's instant and "secure" enough (nothing is secure on internet).

the seller doesn't have to wait. if it's a merchant, he can get the money from bank same day or next day.
yes, you "expose" the information BUT you can make chargeback while with bitcoin you can say "bye bye" to your funds.

BTC wasn't made as a payment system. first, it's limited as volume of coins and second, it's hard to be understood by the normal people.

My credit card too is instant and no need to wait for verification from the merchant as long as it has reserves of course. I don't know where in the world that guy above stating that credit card purchase needs a verification first. Yes verification but it will only took seconds. And I don't know too where the heck he get that if he pays with credit card it will allow someone to steal money from him. I thinks credit card service in their country is really poor.