Why would a consumer prefer to pay with Bitcoin instead of credit cards, debit cards, or PayPal?
Payments
Asked by Question Bot02/May/20151 answer
1 Answer
F
Faisal Khan
Answered 02/May/2015
To cite a personal example:
I'd be wary of using my Debit Card online anywhere as the layer between the debit card and money in my bank is just the transaction waiting to happen.
I don't subscribe to Credit Cards. period. I know a lot many people also don't use credit cards.
With Bitcoin, the wallet is not tied to my bank account and the money can very easily be loaded onto to my wallet to send across. I don't have to worry about a decline! or a network that is busy! no forms to fill out! No more threat of my data! I just shoot the money across to a Bitcoin Wallet, wait a few minutes and voila! Transaction done. For a minimal cost.
Everyone is happy!
I'd be wary of using my Debit Card online anywhere as the layer between the debit card and money in my bank is just the transaction waiting to happen.
I don't subscribe to Credit Cards. period. I know a lot many people also don't use credit cards.
With Bitcoin, the wallet is not tied to my bank account and the money can very easily be loaded onto to my wallet to send across. I don't have to worry about a decline! or a network that is busy! no forms to fill out! No more threat of my data! I just shoot the money across to a Bitcoin Wallet, wait a few minutes and voila! Transaction done. For a minimal cost.
Everyone is happy!