Quote from: sd on August 28, 2011, 11:43:46 PM

Quote from: bansal on August 28, 2011, 11:23:13 PM

Quote from: BitcoinRigs.com on August 28, 2011, 11:05:16 PM

The banking system has determined that combating fraud is hard, so they just don't bother fighting it. Chargebacks are everywhere.

http://en.wikipedia.org/wiki/Automated_Clearing_House

Quote

the consumer can dispute the transaction until day 90

Well Wikipedia is great and all, but hardly an authority on any subject. According to subsection 2.8.3 of the ACH rules it says there is a 5 day limit on reversals, and that's what my banking rep says as well (although they have been wrong before). I agree credit cards are a nightmare, they give you no support at all.

There are a lot of people who cash out stolen credit cards who would love an easy method to launder stolen funds. Credit card -> SolidCoin -> BitCoin -> MTGox would be about as untraceable as you can get.

If you take credit cards you are going to attract a lot of credit card thieves.

My thought in this is that initially I would send them code in the mail to their verified billing address the first time they used the credit card which they would have to enter on the website. It would be a little bit of a hassle the first time but after that you would have the convenience of using your credit card going forward.