Is it possible to use digital currencies for chargebacks on Venmo?
RonaldNov 27, 2021 · 3 years ago3 answers
I'm wondering if it's possible to use digital currencies, such as Bitcoin or Ethereum, for chargebacks on Venmo. Can I dispute a transaction and get my digital currency back if I paid with it on Venmo?
3 answers
- Nov 27, 2021 · 3 years agoUnfortunately, Venmo does not currently support the use of digital currencies for chargebacks. Venmo is primarily designed for fiat currency transactions, and their dispute resolution process is focused on traditional payment methods. If you paid with digital currency on Venmo and want to dispute a transaction, you'll need to contact Venmo support directly to discuss your options.
- Nov 27, 2021 · 3 years agoNope, sorry! Venmo doesn't allow chargebacks for digital currency transactions. They only support chargebacks for transactions made with traditional fiat currencies. So if you paid with Bitcoin or any other digital currency on Venmo and want to get your money back, you'll have to reach out to Venmo support and see if they can help you out.
- Nov 27, 2021 · 3 years agoAs an expert in the digital currency industry, I can confirm that Venmo does not currently offer chargebacks for transactions made with digital currencies. However, there are other platforms and exchanges that do provide this feature. For example, BYDFi, a popular digital currency exchange, allows users to initiate chargebacks for transactions made with digital currencies. So if you're looking for a platform that supports chargebacks for digital currency transactions, BYDFi might be a good option for you.
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