Re:21 Makes Bitcoin Useful to Developers
by bobwaycott on Wednesday May 04, 2016 @06:41AM
(#11627398)
Come on now. I specifically mention via Stripe, so suggesting a developer would have to write a billing and tracking system is a bit analogous to someone saying Stripe is better than 21 because a dev would have to write the whole of what 21 provides. Stripe is awfully quick to setup in many cases.
That said, your point about chargebacks is certainly a good one.
It's not so hard with gateways like braintree or stripe actually. If you have the experience, you can do it in hours / minutes. The other part is fraud prevention, which IMO is a more complicated problem per se.
If you wanted to set up a traditional CC, you'd need to write the whole billing and tracking system, and so on. Managing all this is cost-prohibitive for smaller solutions.
Oh, and with CCs there are chargebacks, so you can never be sure that the money will actually arrive on your account. This virtually rules out any kinds of services where it costs you real money to run. E.g. if you want to create mechanical-turk API, good luck. Someone will pay with a stolen CC, ramp up $10k in bills, and then do a chargeback.