Post
Topic
Board Bitcoin Discussion
Re: How superior btc is to credit cards
by
Cream
on 02/09/2014, 09:40:04 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

Payment once sent would be final on every payment network if there weren't frauds and identity theft around online world.Transactions would be more secure and easy and people would be more worry free.