Can Bitcoin Transaction Be Reversed or Chargeback?

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Martin
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Can Bitcoin Transaction Be Reversed or Chargeback?

#1

Post by Martin » November 9th, 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?
Last edited by admin on November 11th, 2018, 2:09 pm, edited 3 times in total.

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luminous
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Can Bitcoin Transactions Be Reversed or Chargeback?

#2

Post by luminous » November 10th, 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.

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solomon
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Can Bitcoin Transaction Be Reversed or Chargeback?

#3

Post by solomon » November 19th, 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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Caster
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Can Bitcoin Transaction Be Reversed or Chargeback?

#4

Post by Caster » March 17th, 2019, 5:48 pm

Bitcoin is not reversible, once you send payment say bye bye lol šŸ˜‚

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