Bitcoin Forum
November 13, 2024, 06:50:52 PM *
News: Check out the artwork 1Dq created to commemorate this forum's 15th anniversary
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is Liqpay Irreversible ?  (Read 1354 times)
EMIF (OP)
Full Member
***
Offline Offline

Activity: 132
Merit: 100


View Profile
August 31, 2012, 05:17:25 PM
 #1

I read some of the topics but  I could not find an exact answer. Actually , i have already used for depositing my BTC-E account once.
But , i want to learn whether it is irreversible or not since you can deposit your Liqpay account via credit card.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1010


View Profile
August 31, 2012, 08:31:49 PM
 #2

I read some of the topics but  I could not find an exact answer. Actually , i have already used for depositing my BTC-E account once.
But , i want to learn whether it is irreversible or not since you can deposit your Liqpay account via credit card.

From what I understand, a consumer paying with LiqPay cannot reverse the transaction.  Of course, if you pay using a credit card you can file a dispute and let your credit card issuer battle it out with LiqPay -- you may or may not get your funds back.  If the transaction required confirmation through SMS and your mobile happened to provide confirmation, you'll probably lose the "it wasn't an authorized payment" argument.

But I believe that the merchant that accepts LiqPay is exposed to the chance of a reversal when the transactions were fraudulent. (and account frozen if fraud happens more often than it should).

Unichange.me

            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █


EMIF (OP)
Full Member
***
Offline Offline

Activity: 132
Merit: 100


View Profile
September 01, 2012, 09:05:04 AM
 #3

Thanks for the reply.

Hmm. Your answer really helps. Actually , i was planning to give exchange service using Liqpay.
So , i should aware of the risks
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!