Verified By Visa

[TheJunkieMonkey]

Hi

I have been advised that Exchanges don't use VBV/Secure by Mastercard.

Is this Correct?

[1715347546]

1715347546

[1715347546]

1715347546

[1715347546]

1715347546

[1715347546]

1715347546

[S4VV4S]

Hi

I have been advised that Exchanges don't use VBV/Secure by Mastercard.

Is this Correct?

I am not sure I understand what you mean but Virwox accepts VISA

[TheJunkieMonkey]

Actually I use VirWoX as I can cash out to Paypal

My fear is somebody pays me in BTC, I send the physical goods (not BTC) then they do a chargeback and I get fucked.

But if the sites have 3D secure I should be Safe(er)?

Thanks

[S4VV4S]

Actually I use VirWoX as I can cash out to Paypal

My fear is somebody pays me in BTC, I send the physical goods (not BTC) then they do a chargeback and I get fucked.

But if the sites have 3D secure I should be Safe(er)?

Thanks

There are NO chargebacks when it comes to BTC.
If you get the BTC then it's yours.

[TheJunkieMonkey]

Thanks but if it happens does the company stick a Black Mark against you like Paypal at all?

[Confessions]

BTC is not a company.  So no, there is no blackmark

[xDan]

Thanks but if it happens does the company stick a Black Mark against you like Paypal at all?

How do you process the BTC payment? If you use a BTC payment processor, it's possible they could kick you off their service or something. But if the BTC goes straight into your own wallet, then it's now completely under your control.

So BTC is great for merchants like you. The customer is taking all the risk

[TheJunkieMonkey]

Thanks but if it happens does the company stick a Black Mark against you like Paypal at all?

How do you process the BTC payment? If you use a BTC payment processor, it's possible they could kick you off their service or something. But if the BTC goes straight into your own wallet, then it's now completely under your control.

So BTC is great for merchants like you. The customer is taking all the risk

Thanks I have a wallet with Virwox as I can cash out to Paypal.

[sgk]

-snip- then they do a chargeback -snip-

Bitcoin protocol is designed in such a way that chargeback is impossible. Once you receive BTC, no one can take it back unless you yourself send it back.

[xDan]

Thanks but if it happens does the company stick a Black Mark against you like Paypal at all?

How do you process the BTC payment? If you use a BTC payment processor, it's possible they could kick you off their service or something. But if the BTC goes straight into your own wallet, then it's now completely under your control.

So BTC is great for merchants like you. The customer is taking all the risk

Thanks I have a wallet with Virwox as I can cash out to Paypal.

What, and you just provide your customer with your Virwox bitcoin address to pay, sending it to them via email or something? Or do Virwox provide some shopping cart service? (I haven't used them.)

In the first case, your customer does not know you are using Virwox unless you tell them (they just see the Bitcoin address which is a random string of numbers), so couldn't complain to anyone even if they wanted to.