Besides saving the troop on credit card transaction fees, this onchain experience prevents chargebacks.

But why does that matter? Because the troops shared that people purchase cookies with Venmo and then file a fraud case to claw back the money. 🤯

why onchain commerce matters, exhibit 37261

bringing /commerce onchain. protocol engineer. founder @slice @deframe

Standing on the shoulders of giants 🌌
idanlevin.xyz

you can still write chargeback rules on immutable smart contracts that both parties agree on purchase

well it is true that without chargebacks merchants get less losses, but you just flip the risk to the other side (now consumers will pay online and will get defrauded) 

Eventually chargeback risk is a zero-sum game between merchants and consumers, and the law protects consumers more than merchants

But what if I pay someone to buy a cookie, an AVP and a lambo using Base, then I include a fraudulent transaction sometime in the next 7 days to get all my money back?? 

Obviously, I’m bribing the sequencer with the cookie.