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Author: Admin | 2025-04-28
Sure, the bank needs to check if the funds are actually available, and the card issuers have to clear and confirm a legitimate transaction. A lot of work takes a lot of time. But why not pay with Bitcoin, then?The ConsNow that I've raised that question myself (even if rhetorical), I should probably introduce you to the cons.No Legal Protection: Typically, when the payment is done in the more common ways, both card or legal tender in cash are backed by a bank. That means that all possible disputes fall under the settlement of an official financial institution in your country.For Customer:Simply put - if something goes wrong with your order (like shipment or quality problems), the way it usually goes is that the bank you belong to is bound to assist you in getting your money back. That is, however, not the case with Bitcoin. You’re on your own if something goes sideways.Apart from the obvious, there’s really no way to check if everything will go smoothly with the companies that accept Bitcoin, so just make sure you have some proof of good service before placing your order.For Seller:It’s the same roundabout issue for sellers, as well. The lack of legal protection raises concerns for businesses that want complete and thorough security guarantees.Bitcoin Volatility: If you’re not completely new here, you already know that while Bitcoin is immune to inflation, it’s an ever-changing constant as its price goes up and down every single day.For Customer and Seller:The volatile nature
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