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Author Topic: This is why we should all use Bitcoin and no more credit cards.  (Read 393 times)
goaldigger
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September 22, 2018, 11:54:12 PM
 #81

Credit cards also classify as a cashless payment and It functions differently from bitcoin payment. Its cash limit is fixed and you can consume it without having any changes with the value. The only thing bad about bitcoin currency is that its either increases or decreases its value from time to time.
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Heidi Farrell
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September 23, 2018, 10:08:13 AM
 #82

Bitcoin is a trustless system. No need for someone to be trusted to validate transactions. It’s as cash. So if you want to have charge backs and other goodies that credit card, offers you, then a credit card is fine. For me, have a card issued I need proof of identity, proof of residence and other paperwork. So I prefer to have a bitcoin wallet easy and use bitcoin for my buys.
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September 23, 2018, 10:22:29 AM
 #83

To cite a personal example:
I'd be wary of using my Debit Card online anywhere as the layer between the debit card and money in my bank is just the transaction waiting to happen. I don't subscribe to Credit Cards. period. I know a lot many people also don't use credit cards. With Bitcoin, the wallet is not tied to my bank account and the money can very easily be loaded onto to my wallet to send across. I don't have to worry about a decline! or a network that is busy! no forms to fill out! No more threat of my data! I just shoot the money across to a Bitcoin Wallet, wait a few minutes and voila! Transaction done. For a minimal cost.
Everyone is happy!
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September 23, 2018, 10:28:41 AM
 #84

I am not sure of other countries, but in the U.K. it's called recurring card billing (unless you set up a direct debit) and these can be a nightmare to cancel as you have to get the merchants to cancel-which of course they are reluctant to do. You can dispute the payment with your bank of course but if they can prove you signed up ie ticked a box somewhere then you have a problem. 

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September 23, 2018, 10:32:09 AM
 #85

Credit cards also classify as a cashless payment and It functions differently from bitcoin payment. Its cash limit is fixed and you can consume it without having any changes with the value. The only thing bad about bitcoin currency is that its either increases or decreases its value from time to time.

Its value would still increase or decrease because we are still basing our pricing in fiat but when time will come that we would not need to convert to cryptocurrency anymore then the value would be stable because we will all be using bitcoin then if that time will come. As for OPs case, his credit card charge for a transaction the he is not aware of that's why he can say that if it would be bitcoin then it would not have happen. Unfortunately, we cannot just easily shift to bitcoin because many are still against it which would include banks.

Unfortunately, the only thing that bitcoin can offer at this time is security compared to other electronic payment systems. I hope that the society will soon recognize cryptocurrency, and thus we will be able not only to pay in Amazon.

Yes, that would be the case for now. We are still waiting for the big companies to accept bitcoin as form of payment. It would happen someday when they would figure out how to not have any loss due to the fluctuating prices of cryptocurrencies which may become their disadvantage when they accept it as payment.

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Wilfrer
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September 23, 2018, 11:17:25 AM
 #86

I think every thing has its benefits and disadvantages. It seems that today people use credit cards as a form of payment. However, it is easy for us to have a monthly, annual debt that can not be stopped. Bitcoin is good except for the fact that it is not widely used and that the transaction fee is quite high

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CryptoAssasin
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September 23, 2018, 12:52:10 PM
 #87

To be honest, I worked as a call center agent before in Amazon and this shopping website have so many tricks to manipulate their customers and we are taking a lot of complaints about unrecognized charges on their card, most of them are from a free subscriptions. At first, they advertised it for free but without your knowledge, your account will automatically be set for auto renewal. Once your free trial ended, any available card save on your account will be charged automatically for that free subscription. Yes, I agree with you that if we are using bitcoin or an altcoin as a payment, that automatic charge will never take place because we always have full control with our funds and no one will be  able to take out those funds unless they have the private key.

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Wingleness
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September 23, 2018, 01:04:12 PM
Merited by Collinberg (1)
 #88

To be honest, I worked as a call center agent before in Amazon and this shopping website have so many tricks to manipulate their customers and we are taking a lot of complaints about unrecognized charges on their card, most of them are from a free subscriptions. At first, they advertised it for free but without your knowledge, your account will automatically be set for auto renewal. Once your free trial ended, any available card save on your account will be charged automatically for that free subscription. Yes, I agree with you that if we are using bitcoin or an altcoin as a payment, that automatic charge will never take place because we always have full control with our funds and no one will be  able to take out those funds unless they have the private key.

Those exclusive charges that members aren't aware of is killing the credit/debit card system and to give this a lasting solution is the core reason why the global world needs to enbrace Bitcoin and/or cryptocurrency as a better option. Like you rightly said, users are in charge of their funds and would only send what is actually needed to pay for goods and services.
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September 23, 2018, 01:14:09 PM
 #89

So, I buy a Amazon Kindle Fire, because I like to read. When you configure it for the first time, you have to login with your

Amazon account (obviously) and then you are presented with 2 x FREE audio books. I accept the 2 x FREE books, to test the

audio and also to experience audio books for the first time. (I prefer reading the ebooks, but I thought I would give it a try, to

see what it sounds like.)

A month down the line, I get a sms notification from my Bank, notifying me of a payment done to "Audible" so I phone my

Bank. They inform me that it is a monthly subscription to Audible.com. (I never gave consent for "Audible" to sign me up for a

monthly subscription) This is how they do it --->  http://prntscr.com/ksqxhv  (I never even saw that, when I was offered the

2 FREE books) !!!!!!!!  Why would I sign a subscription if I just wanted to listen to the so-called FREE books?  Huh

In any way, I logged in again and cancelled the subscription and it already billed me for next month.  Angry Angry Angry

Now, this will NEVER happen with Bitcoin, because nobody can automatically withdraw money from your Bitcoin address. You

have FULL control over your own money.  Cool I am not the only one - https://www.sitejabber.com/reviews/audible.com


I think we all do things wrong when we make a membership. I guess there are things we haven't read or missed. I've had to pay the same thing I didn't know.

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September 23, 2018, 02:01:50 PM
 #90

In my opinion that is not the main reason, BTC can never replace credit card because credit card is safer and easier to use than BTC, BTC is not suitable for some objects, so do not take them in daily consumption activities

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Winifred2609
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September 24, 2018, 10:09:15 AM
 #91

You can only use it in online purchases or stores if they accept Bitcoin payments. They will give you better things I have little idea but I want to know more about this. I think it's too early for you to suggest it. But accepting bitcoin as a payment is also good. If we use Bitcoin, we will not automatically experience our accounts on websites that manage websites and banking. I want to know more about this. This is a good bitcoin. Amazon is doing some dirty work to link it to your credit card.
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September 24, 2018, 10:39:47 AM
 #92

I agree it's a scummy thing to do, but it is neither illegal or a scam as you are claiming. The picture you posted clearly states that you will be charged after 30 days, as will the small print that you didn't bother to read.

If you don't bother to read what you are signing up to, you can't blame other people when you are taken advantage of.

Funny thing how the companies do something to earn. But then it is not really good that some random sites or comapny can have the acces to your card after signing up. Transactions must be done on hand or somewhat the transactions must agreed by both parties, and that is the author's point.

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October 13, 2018, 09:03:35 PM
 #93

The same thing happened with me on another website. I was buying a game for a test because it was written there free for the first day! I was using my Payoneer account, after 7 days, I logged in my Payoneer to buy a product from aliexpress! But there weren't enough funds! I feel serious where is my money! After checking all transactions in Payoneer, I just wonder! That gaming website took the game fee for every day! Such a bad way it is. I want to use bitcoin instead of credits cards, but we can't do it on Amazon, eBay or other big e-commerce sites! It really hurts!

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