Before Paying with Bitcoins...

Monday, June 29, 2015

 

Before paying with bitcoins…

 

If you shop online — and who doesn’t? — you might notice that some websites let you pay with bitcoins. Virtual or crypto currencies like Bitcoin can be a fast way to pay online, or in person with a mobile app.

But using virtual currencies comes with risk. Their value goes up and down — sometimes sharply — depending on demand. In addition, payments made with virtual currencies aren’t reversible and don’t have the same legal protections as some traditional payment methods. Once you hit send, you can’t get your money back unless the seller agrees. That’s why it’s important to know who you’re buying from and what policies they have regarding refunds, returns, and disputes.

Shopping Online with Virtual Currencies

Read more >

 

By: Kristin Cohen
Office of Technology Research and Investigation, FTC



 

Online Banking

Education Center

First State Bank of Bedias is comitted to the education of our customers.

Click Here and Start Learning