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Cryptocurrency as 'refund protection'

General Discussion by Zurich1984 4 replies 129 views
Zurich1984

Member OP

#1

Been shopping for a new VPS. Host wants 12 months prepaid. Prices only go up, so I get the impulse. But what if they ghost? Chargeback only works 180 days. Heard crypto payments make you "chargeback-proof" which hosts love. Thinking of offering USDC to lock in a /24 lease. /24 will cost you a kidney already, losing it to an exit scam hurts worse.

Anyone done this? Volatility aside, does "refund protection" actually protect the payer or just the host?

/24 for sale. No lowballs.
wilmaethqn44

Member

#2

If you pay with crypto and they dont deliver, theres no way to get it back right? I always thought chargebacks were the only protection us small folks had

frames, tables, still valid HTML
SO

Member

#3
wilmaethqn44 said:
No way to get it back right?

Can not reverse one, correct lah. But if host honest, they can refund also, same wallet. Wkwkwk

I think slow-slow check host reputation first. Ask in forum here, search old thread. Many thank you.

CO

Member

#4

The "refund protection" terminology is misleading only. It protects the merchant itself from fraudulent chargebacks, not the payer.

In my experience, kindly request escrow service for large prepayments, or pay monthly itself.

Fritz48

Member

Datenschutz First

#5

Zurich1984 said:
Host wants 12 months prepaid
If the provider is established in the EU, your right to lodge a complaint with a supervisory authority does not depend on your payment method. However. I checked the host you mentioned in another thread. Contabo? Their imprint page disappeared last week. Company register shows dissolution proceedings. Crypto payers are the most vulnerable in an insolvency—no creditor claim, no chargeback, no paper trail for the liquidator.

Neuland. Aber schnell.

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