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Bitcoin Merchant Services

In: The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations

Author

Listed:
  • P. Carl Mullan

    (PDX Currency Corporation)

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.

Suggested Citation

  • P. Carl Mullan, 2014. "Bitcoin Merchant Services," Palgrave Macmillan Books, in: The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations, chapter 21, pages 143-145, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-38255-9_22
    DOI: 10.1057/9781137382559_22
    as

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