| If someone withdraw money from an ATM with a credit card. Can there be a charge back ? If so, who end up losing the cash... visa or the back ? If there is no charge back possible, then maybe we have way to actually pay for bitcoin directy with a credit card.... you would have to pay interest since it's a cash advance but still would be more user friendly than the current way of doing thing. |
| It can't be chargebacked unless you claim fraud. And it's a much longer process than some scumbag frat boy lying to PayPal and clicking a few buttons. The credit union who issued the Visa/Mastercard will invoke a police investigation and the scammer will be held criminally liable if he's found out to be lying (i.e. the card wasn't stolen, gave it to a friend who cashed it out, CCTV camera proves he was there withdrawing it etc.) Even then, you can't reverse cash. Once you send it in the mail, it's obviously gone for good. In fraud cases the credit union absorbs the risk. |
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