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A short history lesson: When people first started setting up actual business based on bitcoin, they used most of the tools in order to any seller. They sold by credit card and PayPal. The issue with this business design was quickly spotted: bitcoin transactions aren’t reversible by anyone except the person receiving the profits. Credit cards and PayPal have strong buyer protection policies that help it to 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 often a non-physical product, sent by new and poorly understood technological means, the sellers were incapable of contest . Because of this, sellers stopped accepting credit cards and PayPal.
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