Can Bitcoin Transaction Be Reversed or Chargeback?

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Martin ~ ~  
Posts: 5
Joined: Mon Oct 29, 2018 11:34 am

Can Bitcoin Transaction Be Reversed or Chargeback?


Post by Martin » Fri Nov 09, 2018 8:26 am

Is there a way to initiate a reverse or cancel a bitcoin transaction payment.
In a situation whereby there is a dispute in transaction (maybe the goods and services paid for isn't what was delivered) is there aany means to initiate a chargeback, file dispute or a customer protection sort-of for buyers just the way it is when PayPal is used for purchase?



luminous ~ ~  
Posts: 28
Joined: Fri May 04, 2018 11:23 pm

Can Bitcoin Transactions Be Reversed or Chargeback?


Post by luminous » Sat Nov 10, 2018 2:44 pm

There is nothing like chargeback, refund or payment reversal with Bitcoin, once the payment is sent and received, that's final.

In the nearest future, most business owners will prefer to accept Bitcoin payment to Credit Card and PayPal as it protects them from fraudulent customers who use the chargeback option provided by PayPal.


solomon ~ ~  
Active Member
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Posts: 59
Joined: Mon Dec 25, 2017 11:50 am

Can Bitcoin Transaction Be Reversed or Chargeback?


Post by solomon » Mon Nov 19, 2018 4:30 pm

You can't chargeback btc, once the transaction is completed you can't do anything to it again.



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