Post
Topic
Board Speculation
Re: The bear market is on....
by
virtualfaqs
on 02/05/2013, 20:24:35 UTC

Quote
Unless you use escrow (which involves trusting a third party) the buyer risks a no delivery of goods and/or services with no recourse. Check out the scammer accusation subforum.

No chargebacks is an inherent feature of bitcoin. It doesn't really increase risk though, it just MOVES risk from the receiver to the sender. The flip side is that it's much safer to GET money with bitcoin. In any case I  suspect escrow services will become standardized with time.

Escrow isn't 100% safe either. If the other party tries to screw you, you don't know for sure the escrow will rule for you. PayPal disputes are generally ruled in the buyer's favor. And sometimes that's how it works when "tie goes to buyer" or when the seller can't provide sufficient evidence that a virtual item was delivered.