Re:PayPal Freezes Mailpile Campaign Funds
by MacsHeadroom on Thursday September 05, 2013 @08:29AM
(#6333679)
Merchants have a reputation to keep. Most people will trust a merchant who has proved themselves trustworthy. Merchants who haven't built trust will be forced to use a trusted escrow service, of which there are many.
There are more than enough options for buyer protection with Bitcoin. The good thing is that they're all optional. Buyer protection is a trade off. Sometimes it is unnecessary. But with card companies and businesses like PayPal, merchants don't get a choice. They're liable for charge-backs for 90days and for having their accounts frozen indefinitely.
MailPile has already received over $6000 in Bitcoins, by the way. It is their only donation received which is currently liquid.
There are more than enough options for buyer protection with Bitcoin. The good thing is that they're all optional. Buyer protection is a trade off. Sometimes it is unnecessary. But with card companies and businesses like PayPal, merchants don't get a choice. They're liable for charge-backs for 90days and for having their accounts frozen indefinitely.
MailPile has already received over $6000 in Bitcoins, by the way. It is their only donation received which is currently liquid.
See https://blockchain.info/address/13z55AGS14pSPiPpMqAAFHb576tS...