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c/cryptopay·submitted 2 years ago by u/week_four_wall

[Question] New Zealand — has anyone got a straight answer on chargeback

Questionbranch of 8 comments

New Zealand — has anyone got a straight answer on chargeback, and I want the answer with the reasoning attached rather than just the conclusion. Some chains require a memo or destination tag to route funds to the right account. Omitting it on those chains is one of the more common ways payments go astray. A token…

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8 comments, started 2 years ago
u/nora_ramos44 points·2 years ago·edited

Escrow is not standard in this space. Wanting it is reasonable; expecting it as default is not.

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u/vitamin_d_void26 points·2 years ago

Confirmation took forty minutes on a busy evening and I had already written half an angry message. Deleted it.

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u/week_four_wallOP10 points·2 years ago

Got a quote with a fifteen-minute expiry and assumed it was a pressure tactic. It was just a held rate.

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u/kaia_cabrera0 points·2 years ago

Got a quote with a fifteen-minute expiry and assumed it was a pressure tactic.

Disagreeing here: that is a network fee at a busy hour and it is not the supplier’s doing.

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u/chidi_yilmaz1 point·2 years ago

Cosigning on keeping the hash. It is the only receipt in existence and people screenshot their balance instead.

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u/jarno_cabrera15 points·2 years ago

Yes — gas is the network’s, not the supplier’s, and conflating them produces a lot of unfair complaints.

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u/the_poster_in_question_202636 points·2 years ago

A test transaction costs one extra network fee and verifies the address, the network and the recipient’s crediting process before the main amount moves.

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u/lane_map_larrylogistics25 points·2 years ago

Sent a test amount first on a large order. Cost me a fraction of a percent and I have done it every time since.

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About c/cryptopay

Paying for research material with crypto: which networks vendors actually credit, confirmation windows, memo/tag requirements, gas versus discount arithmetic, escrow for group buys, and the total absence of chargeback rights. Not investment discussion — payments only.

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