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Shopping Online with Virtual Currencies Infographic

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Shopping Online with Virtual Currencies. Before you make a purchase with a virtual currency, choose a seller you trust and review the site’s refund policies. Here’s an example to illustrate why. Say you buy a sweater today that cost $100. You decide to pay in bitcoins. Today, 1 bitcoin is worth $100. When you get the sweater, one week later, it’s damaged. Now 1 bitcoin is worth $75. How much will your refund be? A. 1 bitcoin B. $75 C. $100 D. store credit E. It depends on the seller’s policy. The answer is E. It depends on the seller’s policy.

Tagged with: refunds, shopping, technology
June 2015