Bitcoin Merchant Services

P. Carl Mullan
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P. Carl Mullan: PDX Currency Corporation

Chapter 21 in The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations, 2014, pp 143-145 from Palgrave Macmillan

Abstract: Abstract One possible future for Bitcoin in the United States would be as a commercial service provided by Bitcoin merchant services or BMSs. The service could deliver a turnkey payment platform taking the risk and headaches out of a merchant’s hands. BMS could handle: refunds on merchandise returns, dispute resolution, theft protection and insurance on Bitcoin wallets and trading platforms, consumer protection and guarantees on performance of Bitcoin exchange transactions, and escrow payments on money remittance and commercial transactions.

Keywords: Credit Card; Consumer Protection; Dispute Resolution; Banking Relationship; Commercial Transaction (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-38255-9_22

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DOI: 10.1057/9781137382559_22

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