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A comment on How ACH works: A developer perspective – Part 3. Parent comment
I don't know what standard people are using to reach this opinion.
Credit card:
• Transaction goes through to pending state within 5-30 seconds. Chargeback is easy in this state.
• Transaction is fully confirmed in 60 days.
Bitcoin:
• Transaction goes through to pending state within 1-2 seconds. Chargeback may be possible in this state.
• Transaction is fully confirmed in a few minutes.
There are no comments on this comment yet.
I don't know what standard people are using to reach this opinion.
Credit card:
• Transaction goes through to pending state within 5-30 seconds. Chargeback is easy in this state.
• Transaction is fully confirmed in 60 days.
Bitcoin:
• Transaction goes through to pending state within 1-2 seconds. Chargeback may be possible in this state.
• Transaction is fully confirmed in a few minutes.