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A short history lesson: When people first started setting up actual business based on Bitcoin, they used each one of these the tools available for any merchant. They sold by credit card and PayPal. The issues with this business design was quickly spotted: bitcoin transactions aren’t reversible by anyone except the person receiving the cash flow. Credit cards and PayPal have strong buyer protection policies that help it relatively practical for people to request a chargeback. So, nefarious individuals realized this and began making purchases of bitcoin and then sooner or later requesting a chargeback. And, since Bitcoin is really a non-physical product, sent by new and poorly understood technological means, the sellers were unable to contest this. Due to this, sellers stopped accepting credit cards and PayPal.
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