Comment by quags

2 years ago

I’m not a crypto evangelist by any means but one thing that I like about crypto is there are no charge backs. I added coinbase and it’s not a huge amount but about 5% of sales go over this. Apple/meta/amazon pay are also some what alternatives because the payment is going through a device that can be physically stolen but harder to do fraud than a virtual credit card.

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quags

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lxgr  2 years ago

> one thing that I like about crypto is there are no charge backs.

Most consumers probably don't like that at all, though.

  • quags  2 years ago

    I view it as paying by cash, so the same type of pitfalls exist. I'm not really pushing crypto as the best payment method, just giving the OP possible alternative payment methods they could use. There is a learning curve to using crypto, which I believe reduces the potential of consumers not fully understating the risk of sending payments. Consumers who want the protections should use a credit card to get those.

yieldcrv  2 years ago

Coinbase could freeze your ability to process or receive your payments for a dozen random reasons too. False sense of security there, you need self custody.

Have open source self custody merchant tools improves?

Brick and mortar gone online and Web 2.0 services seem pretty left behind for accepting crypto payment. And Web 3’s crypto natives don't care or need purchasing flows.