Chargebacks create cost, operational drag, and fraud exposure for online businesses and gaming platforms. Bitcoin and Lightning payments offer a different model built around push payments and final settlement.

Chargebacks Are a Payment Design Problem

Chargebacks are not just a fraud problem. They are a payment rail problem.

Card payments were built with a reversal path. That path can protect consumers in legitimate disputes, but it also creates a permanent operating burden for online businesses: disputes, evidence collection, friendly fraud, account abuse, support escalations, and reserves.

The question is not only how to fight chargebacks better. The better question is whether some payment flows can move to rails without card chargebacks in the first place.

...read more at voltage.cloud