Post
Topic
Board Beginners & Help
Re: Why hasn't the porn industry jumped on bitcoin yet?
by
lyno
on 17/04/2013, 00:03:52 UTC
you have protection against shady merchants by initiating chargebacks.

The opposite is true also. As a former affiliate I experienced things like 3 month chargebacks (and even heard of 5 month charged back)  or that customers charging back immediately after they got refunded. As far as I know the CC companies allow only a 1.5% chargeback rate or hefty fines apply. Not to mention that the CC system is insecure by design and it is the merchant who has to take the risk.