Accepting debit and credit cards for Cryptocurrency inc. BTC

[markwebster]

Hi guys.



As a business, I just wanted to ask if there is too much risk in accepting debit and credit card payments for cryptocurrency with the risk of a chargeback.


Are chargebacks done when only the buyer hasn't received an item/service?


I was looking to open the method of payment but just wanted to see what others think.


Thanks

[bittyweb]

If you are accepting credit cards, you are playing with risk. So when you are playing with risk, you can loose or win.

They can simply place that they lost the cards, and you loose the money. See paypal chargebacks for bitcoins.

[markwebster]

I appreciate your reply.

I am trying to minimise the risk involved and provide a relaible service.

My gut instinct is just saying: stick with bank transfers, personal cheques and other non-chargeback methods.

Thanks again