Post
Topic
Board Bitcoin Discussion
Topic OP
How superior btc is to credit cards
by
jubalix
on 02/09/2014, 08:51:29 UTC
I was trying to buy something on the web the other day and they didn't use BTC,

At the same time I was buying another service using BTC on another site.

The difference cannot be overstated. BTC went almost instantly (they used bitpay) and service on in seconds, in fact before I even had time to shut the window.

I had to do a double take and check the addresses, to maker sure....it was so fast. I *think* this is because Bitpay accept zero confirms.

Any how using the credit card, waited ages for the transaction, then the provider got antsy about back charges as I was using a vpn to make the payment, later at a critical time they suspended service because they were still worried about back charges. I eventually gave up on the service. I mentioned they should be using BTC.

It hit home to me how the business that does not have to fear charge backs fraud etc, has a huge overhead risk removed and how much faster BTC can be.

Its hard to see how BTC won't take over all internet business transactions.

I know I am preaching to the converted, but still.....you could not do this just a few years ago