Quote:
Originally Posted by porno jew
and zero protection from fraudulent transactions.
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Correct. With bitcoins, once you receive the money from the customer, it is yours, and will not be reversed or taken away from you. The only way for the customer to get their money back is for you to send it to them.
This actually opens up new markets. Websites can now accept payment from Indonesia, India, Russia, all of Eastern Europe, all of Africa, all of South America, and every where else that Visa and MC won't let you accept a payment from because they say its too high risk. Bitcoin has zero risk, once the money is yours, its yours, no matter where on the planet it came from.
bit-pay.com
bit-pay.com/api.html