Quote:
Originally Posted by rowan
With a credit card purchase you get an instant yes/no as to whether the transaction is allowed.
With Bitcoin, the transaction "request" will move over the network quickly, but it won't be properly secured by multiple confirms until more blocks are found. To reach the recommended number of confirms can take an hour or more.
I guess it's a bit like the old-school check joins - you grant instant access, then revoke it when it comes back as fraudulent in 3 days time...
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We don't let them in until it's confirmed, which doesn't take long at all. Users understand there is a slight wait, and have been OK with it so far. The ONLY issue we've had so far is someone joined twice by mistake so we had to refund one transaction.
When it's confirmed, we get a confirmation email from Bitpay and then the account gets activated. They don't get access before the transaction is confirmed.