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Re: How to protect your project from investments with a stolen CC?
How about if the buyer uses a stolen credit card, and a true owner of the credit card makes a chargeback? Is there any way to protect yourself from such chargebacks?
In short... No. If someone gets past all your KYC attempts with a stolen card, and the true owner makes a chargeback, you'll lose. It is the same with "bricks and mortar" stores. The CC companies pass all the "liability" onto the merchants. 
Your options are to be VERY strict with the vetting of credit card investors (full KYC including selfies with custom messages and holding ID etc), or simply don't allow people to use CC's to invest and insist on Crypto (or other non-chargeback) payments only.
The thing is, we will run KYC only after the sale (if Maltese regulators give us the green light), and until investors successfully pass the KYC their tokens will be locked.
By Maltese regulations, KYC must occur before any transaction is completed. We object the regulators by stating that for us the transaction is not completed until tokens are locked. Atm, our lawyers are waiting for their official response.
Why did we decide for the KYC after the investment?
With it, we pay KYC service provider (Trulioo) only for KYC checks of people that invested, and not for all the people that might invest, as if we have done it before investing.
Regarding CC payments we are juggling these options:
- listing on an exchange only 6 months after the sale completion (in this way if a chargeback occurs, we can still hold on to the tokens)
- exclude CC for good
- find out any other viable way to protect ourselves and accept them
EXSCUDO WEEKLY UPDATE
New coins have been added to the Exscudo exchange!
In his comment, Andrew talks about the sudden change of mind of JPMorgan from hating cryptocurrency to embracing them.
We are pleased to announce that right now you can deposit and withdraw DASH, QTUM, LTC,
and ZEC cryptocurrencies in your personal cabinet on the exchange. The currencies will
become tradable in the nearest future.
Link to the exchange: https://my.exscudo.com
New coins have been added to the Exscudo exchange!
In his comment, Andrew talks about the sudden change of mind of JPMorgan from hating cryptocurrency to embracing them.
We are pleased to announce that right now you can deposit and withdraw DASH, QTUM, LTC,
and ZEC cryptocurrencies in your personal cabinet on the exchange. The currencies will
become tradable in the nearest future.
Link to the exchange: https://my.exscudo.com
Great news! Thank you for the info.
How to protect your project from investments with a stolen CC?
We are just before the implementation of crypto and CC gateways for our STO.
We have the KYC in place after the STO sale, by locking invested tokens before the KYC is passed.
We know we can protect ourselves from CC chargebacks by defining the token and delivery well in "terms of purchase". (we can prove we delivered what a buyer was purchasing).
How about if the buyer uses a stolen credit card, and a true owner of the credit card makes a chargeback? Is there any way to protect yourself from such chargebacks?
We think no one will accept a locking period of 6 months on invested tokens (the period in which an individual can make a chargeback).
We have the KYC in place after the STO sale, by locking invested tokens before the KYC is passed.
We know we can protect ourselves from CC chargebacks by defining the token and delivery well in "terms of purchase". (we can prove we delivered what a buyer was purchasing).
How about if the buyer uses a stolen credit card, and a true owner of the credit card makes a chargeback? Is there any way to protect yourself from such chargebacks?
We think no one will accept a locking period of 6 months on invested tokens (the period in which an individual can make a chargeback).
Re: [ANN][ICO] DreamTeam - the first Esports recruitment and management platform
Do you have competitors?
There are competitors. Maybe not visible ones, but the agency that is helping us with Primpy project, has a project exactly what this project does + extra features (they are located in Dubai).
Re: [ANN] [BTCP] BitcoinPrivate: A Truly Private Bitcoin [Equihash]
what's news about coins burning? how much coins were burned?
16 days have passed from coin burning and no any change is visible on BTCP blockchain!!!
16 days have passed from coin burning and no any change is visible on BTCP blockchain!!!
We are also waiting patiently for the change to be visible. +1!
New Android lite wallet in beta. Will be released in a couple of weeks.
New IOS wallet awaiting Apple, Inc. approval.
New IOS wallet awaiting Apple, Inc. approval.
I'm looking forward to the iOS wallet, thanks for all of the work on it!
+1 for the iOS wallet.
Re: [ANN][ICO]Verasity - A next-generation video sharing platform
We have a lot of updates coming out at the moment, will keep everyone here updated but as always, our telegram and medium blog are the best places for the latest news!
If you prefer listening rather than reading, we did our first podcast where we answered some community questions. It's up on SoundCloud here: https://soundcloud.com/user-321549709/verasity-podcast-1
If you prefer listening rather than reading, we did our first podcast where we answered some community questions. It's up on SoundCloud here: https://soundcloud.com/user-321549709/verasity-podcast-1
What's your biggest advantage compared to similar platforms doing the same thing?
Re: ✅ [ANN] [NeoScrypt] [PoW+PoS+MN] ⭐ Traid.tv ⭐ The Future of Crypto Education ✅
hello, they change the algo? was scrypt right?
I am also interested in this. +1