Micropayments is a really tough business. Basically it's too risky. Chargebacks are often anywhere between $15 to $35 per transaction.
When you earn a small percentage of a $5 transaction, which a sender claims to have sent by mistake (or he/she requests the money back due to different reasons) 2 things happen:
A. You lose your % of $5
B. You get charged $35.
Not a pretty situation to be in when you are scaling and about 15-30% of your sales get charged back.
Bitcoins are irreversible, so at least they mitigate your risk as a micropayment provider (or as a seller).
Comments
Micropayments is a really tough business. Basically it's too risky. Chargebacks are often anywhere between $15 to $35 per transaction.
When you earn a small percentage of a $5 transaction, which a sender claims to have sent by mistake (or he/she requests the money back due to different reasons) 2 things happen:
A. You lose your % of $5
B. You get charged $35.
Not a pretty situation to be in when you are scaling and about 15-30% of your sales get charged back.
Bitcoins are irreversible, so at least they mitigate your risk as a micropayment provider (or as a seller).