[2014-08-09] Bitcoin Solves Two Of The Biggest Problems Merchants Face When Acce

[cescan]

http://www.businessinsider.com/bitcoin-solves-two-of-merchants-biggest-problems-when-it-comes-to-payments-2014-7?IR=T&

Though still nascent, BI Intelligence notes in our Bitcoin report that a Bitcoin-based payments system promises to solve these problems. It's comparatively inexpensive for a merchant to accept Bitcoin payments even if they use a third-party processor like BitPay or Coinbase to process transactions. Bitcoin transactions are also irreversible. Once the transaction is completed the merchant possesses the money. So for businesses that experience lots of "friendly fraud" — when a customer buys something and then claims falsely that they never recieved it — Bitcoin is appealing.