Post
Topic
Board Beginners & Help
Re: Does Bitcoin work for online shopping?
by
taxmanmt5
on 20/01/2018, 19:36:02 UTC
When you buy something on eBay or Amazon, you pay the seller, he ships the product and upload a tracking number.
If you haven't received the item, you can call eBay or Amazon and, basically, what happens is that if they have a tracking number that shows that the item has been delivered, then it is ok, otherwise eBay or Amazon reverses the transaction and you get your money back.
Is that possible with bitcoin? What if I buy a boat online for 2 bitcoins and I never receive it? Is bitcoin able to solve this problem?

Thanks

I don't think it possible since bitcoin is unstable, and can gives some non-profit to company. Just thought the item you bought from site is in 5$. Later you didn't receive your item company refund your money but at exact time the value of bitcoin decrease. The company can lose the money and no body want to lose in business. Bitcoin is risky and maybe it hard for these company to accept btc as payment method.