Re:Secretive Bitcoin Startup 21 Reveals Record Funds, Hints ...
by Apofis on Tuesday March 10, 2015 @06:33PM
(#9181202)
I run an E-Commerce shop, with inexpensive products and I get fraudulent purchases all the time. If I don't detect a fraudulent transaction, ship the product, when the chargeback comes in not only am I out of the money, I'm out of the product as well. Losing over 200% on that transaction, plus there's usually associated chargeback fees that could be $35-70. Credit Cards are shit for retailers.
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