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A comment on Did I just lose half a million dollars?. Parent comment

Re:Did I just lose half a million dollars? by kkjjkgjjgg on Sunday January 30, 2022 @07:30AM (#30136584)
Afaik bank transactions are also non-reversible. I don't think that is the main issue, although certainly it is a problem.

If it bothers you, you could probably also go through some service that insures your transactions and gives you a degree of reversibility.

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Re:Did I just lose half a million dollars? by shkkmo on Sunday January 30, 2022 @09:19AM (#30137402)
I am unaware of any country where this is true. Many countries have limits on how / when transactions can be recovered but AFAIK there is nowhere where bank transfers are absolutely final with no recourse.
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Re:Did I just lose half a million dollars? by kkjjkgjjgg on Sunday January 30, 2022 @02:21PM (#30140183)
In my country (Germany) afaik if you transfer money, the bank is not guaranteed to be able to get it back (if it has already processed it). There are other forms, for example other people can withdraw from your account and you can contest it within a certain time frame.
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Re:Did I just lose half a million dollars? by pirate787 on Sunday January 30, 2022 @08:39AM (#30137075)
A service...like...a bank ?!?
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Re:Did I just lose half a million dollars? by kkjjkgjjgg on Monday January 31, 2022 @05:42AM (#30146620)
Sure, if it is important to you? But I think there are also smart contracts/escrow services that require you to do additional things besides pushing "send".

The classic is for a trade, and the receiver has to confirm they received the stuff before the money is released.

Afaik "traditional" companies like ebay also struggle with that kind of thing.

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