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Post by herbie on Jan 11, 2016 1:43:59 GMT
Make sure you know the seller. Do your due diligence because like you say the transfer can not be reversed. Sorry Herbie that's not the answer, think about it?? you would have to know everything about everyone in the world. NO that's doesn't wash with me...... I think the way it looks that is the major downside of Bitcoin. Example... I sell items on Ebay, average around 400 sales a month and not one person knows me , the reason I have the peoples confidence is the security people have with PayPal . If something goes wrong they are 100% covered, sorry I can't say the same about Bitcoin as far as the buyer is concerned. |
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Post by herbie on Jan 11, 2016 1:44:56 GMT
I have a question that has always bugged me ever since I started reading about Bitcoin. If I use Bitcoin to say buy a computer, I receive the computer and it's not the one I ordered, and the person I sent the Bitcoin to refuses to replace it, what recourse do I have?? like say PayPal I could get my money back if that was the case. Or worse still the person doesn't send out the goods at all and rips me off, Bitcoin is irreversible so I've read so what's the answer. Please don't say litigation or something silly like that. So..... what I see is a wide open invitation for fraud from unscrupulous people to take advantage of other people. Anyone got a clear and simple answer.  |
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Post by Dr Liz - Administrator on Jan 12, 2016 9:34:53 GMT
Simple answer herbie is that you will have no recourse, it is far better to exchange your bitcoin to
your local currency and then go to a store and buy what you want. That is what I would do, you need
to be very cautious on how you make use of your bitcoins.
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Post by bevis on Jan 12, 2016 12:22:58 GMT
I am exploring gyft.com. If I find something I want to purchase with my bitcoin at a certain store, I would buy that card with BitCoin and then standard refunds, customer satisfaction will apply.
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Post by goldprofits on Jan 12, 2016 14:14:11 GMT
I am exploring gyft.com. If I find something I want to purchase with my bitcoin at a certain store, I would buy that card with BitCoin and then standard refunds, customer satisfaction will apply. I found this statement at gyft.com: https:// support.gyft.com/hc/en-us/articles/201485009-Can-I-buy-from-Gyft-using-Bitcoin- Can I buy from Gyft using Bitcoin? To buy with Bitcoin on Gyft, just choose Bitcoin as your payment method at checkout. Gyft is perfect for Bitcoin users! For retailers who don’t accept direct Bitcoin payments, you can buy a gift card instead. Use your gift card to buy what you need from the retailer -- and earn 3% back in rewards through Gyft. Score!  |
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Post by blackkat on Jan 12, 2016 22:23:08 GMT
Thanks everyone for your input, I think Dr Liz has the practical answer.... that's if I can work out how to do it lol........
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