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Author Topic: Avoiding Waiting Time During POS Transaction  (Read 676 times)
sharkindawater (OP)
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March 13, 2014, 08:07:29 PM
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How can you avoid having to wait the 10-30 minutes it takes for a transaction to confirm when accepting bitcoin for POS transactions?
DannyHamilton
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March 14, 2014, 09:25:17 PM
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How can you avoid having to wait the 10-30 minutes it takes for a transaction to confirm when accepting bitcoin for POS transactions?

On transactions less than $100 worth, I rarely wait around for confirmations.

On transactions with someone that I can identify, I never wait around for confirmations.

How can you avoid having to wait the several months it takes for Visa or MasterCard transactions to become irreversible when accepting credit cards for POS transactions?
Pony789
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March 14, 2014, 11:53:53 PM
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How can you avoid having to wait the 10-30 minutes it takes for a transaction to confirm when accepting bitcoin for POS transactions?

If the inputs are confirmed, and the transaction got at least min fee, you probably don't need to wait for 1 confirmation as it is not easy to double spend the transaction and it simply doesn't worth the time.

Of course, it would be a different story if you are taking a big trade.  Smiley

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