Bitcoin Forum

Economy => Trading Discussion => Topic started by: TraderCal11 on February 22, 2016, 04:40:31 AM



Title: Serve To Serve Account transfer
Post by: TraderCal11 on February 22, 2016, 04:40:31 AM
This may be the wrong spot for this, if it is let me know.

I want to start accepting Amex Serve to Serve account transfer for bitcoin. Is this a secure wayto accept payment? What is the risk of chargeback? Is there a limit to the volume?

Any information from experienced sellers would be great.


Thanks
TraderCal


Title: Re: Serve To Serve Account transfer
Post by: Panthers52 on February 22, 2016, 05:39:10 AM
This may be the wrong spot for this, if it is let me know.

I want to start accepting Amex Serve to Serve account transfer for bitcoin. Is this a secure wayto accept payment? What is the risk of chargeback? Is there a limit to the volume?

Any information from experienced sellers would be great.


Thanks
TraderCal
The risk of accepting this is similar to that of PayPal. The difference is that Amex is going to know your identity when you accept a Serve to Serve transfer while PayPal doesn't, so you could be implicated legally if you accept what turns out to be a fraudulent transfer via Serve.

There is a reason why the LBC rates for serve to serve are much higher then the cash based rates