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Author Topic: So Whats the Difference when you use BTC?  (Read 3315 times)
ShrykeZ
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December 01, 2015, 03:28:56 PM
 #81

Very low fees, simple and usually complete within an acceptable time period and most important of all... no damn charge-backs from scams.
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December 02, 2015, 01:30:53 AM
 #82

When using BTC u have full control of money and flow of money.
No 3rd party moving your money from A to B.

MF Doom
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December 08, 2015, 07:41:00 PM
 #83

The main benefits are really showing at merchants, because they dont have to pay CreditCard fees.

Don't forget about the chargebacks! I have watched a testimony of a small merchant store in the NY. The owner has said that he has about 25% chargeback rate on its monthly credit card payments, every month!

That's a huge hit for the owners of these little stores that goes out of their pockets directly!

I can see where this would be hugely beneficial to merchants getting ripped off.  I am always weary selling on eBay too, considering paypal now give a 6 MONTH window for disputes to be filed.

I've gone though a paypal dispute, facts dont seem to matter, only their "terms of service".  So if you know the terms of service and how to use them to your advantage, its very easy to cheat people on there.
AncilVTwo
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December 08, 2015, 07:42:11 PM
 #84

One big thing I can think of is that every time you use a credit/debit card, a transaction fee goes to a big bank/payment processor.  With btc, it goes to a miner.

Other than that, how does it benefit you to use btc?  I mean you need fiat to get btc, and then usually need to take fiat out.  So where is the net benefit besides the fees being lost by the big banks/payment companies?
the main part of using bitcoin is that no one knows who sent the payment you dont get this with credit card transactions.
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December 08, 2015, 07:51:23 PM
 #85

The difference is the delay time when paying by bitcoin comparing to paypal which is instant and i get the digital product instant, when using bitcoin i should wait from 1 to 6 confirmation and then to get the product.
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