I'm new to the cryptocurrency space, but in about a month I went from not knowing anything about it to having 18 cryptocurrencies including STEEM.
Why am I called @MOWERMAN ? I have been repairing lawn mowers and selling lawnmower parts since I was 12 years old. That's over 30 years now.
Why my interest in Bitcoin, STEEM and other currency? It's all about customers, good ones and bad ones. I would like to accept digital currency payments from customers as the demand grows. It helps the customer but I also like the benefits it has for online sellers.
How can it help online retailers? #1 in my opinion is the lack of "charge backs" What is this you ask, normally it protects the customer from dishonest or even criminal scam sellers. However, the market is changing and unfortunately many of the criminals have now become the dishonest customers. Crypto's give a little power back to the retailer to help keep the transactions more fair. Customers like to order exactly what's pictured and what was claimed to be for sale. But then "dispute" the charges because they just changed their mind or just made a mistake in the purchase.
With no fault on the part of the seller. The "BANKS" then just take the money for the seller. And often the seller doesn't even get the products back. This used to be a small problem. But with the growing number of online customers that don't ever talk to a retailer "face to face" it's real easy to just say it wasn't as advertised. Then the bank steals the money from the seller and gives it back to the customer.
That's a little of my backstory for now!