Bitcoin Forum
January 18, 2017, 06:24:09 PM *
News: Latest stable version of Bitcoin Core: 0.13.2  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoins and Money Orders  (Read 1063 times)
herbertfilby
Member
**
Offline Offline

Activity: 112



View Profile
June 11, 2011, 08:55:02 PM
 #1

One of the biggest barriers to getting into bitcoins is the tedious process of going through several payment processors to actually get the bitcoins... Besides cash itself, the other alternative I can see would be money orders where you know that you can cash it without having to worry about check fraud and waiting for it to clear.

So, why don't more exchanges have this as an option?
1484763849
Hero Member
*
Offline Offline

Posts: 1484763849

View Profile Personal Message (Offline)

Ignore
1484763849
Reply with quote  #2

1484763849
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1484763849
Hero Member
*
Offline Offline

Posts: 1484763849

View Profile Personal Message (Offline)

Ignore
1484763849
Reply with quote  #2

1484763849
Report to moderator
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2030



View Profile
June 11, 2011, 10:05:43 PM
 #2

One of the biggest barriers to getting into bitcoins is the tedious process of going through several payment processors to actually get the bitcoins... Besides cash itself, the other alternative I can see would be money orders where you know that you can cash it without having to worry about check fraud and waiting for it to clear.

So, why don't more exchanges have this as an option?

Money orders, like checks and other demand instruments, are reversible (in certain circumstances), while bitcoins on the other hand, are not.
  "A money order can be lost or stolen and there are procedures for reporting that. Losses could occur even weeks after the check has cleared"
  - http://en.bitcoin.it/wiki/Payment_methods

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!