<p>As I understand. In a bricks and mortar retail environment listening software can be employed which in just a few seconds reduces the risk of a double spend to a mathematical possibility rather than a practical concern.</p>

<p>Mail order, as soon as the transaction is detected, well there is no risk.</p>

CC BY-SA 3.0
2014-03-20T16:47:53.647Z
Do you have any information or source regarding "in just a few seconds reduces the risk of a double spend to near negligible".
Pacerier
CC BY-SA 3.0
2013-12-31T11:25:00.840Z
2013-12-31T18:53:41.473Z
2013-12-31T18:53:41.473Z
John Law
<p>"For security and fraud prevention reasons, we require one confirmation on the bitcoin blockchain before we can credit funds can be added to the BitPay Card. </p>

<p>Note that confirmation times are determined by the Bitcoin network, not by BitPay. One confirmation may take as few as several seconds to as much as a few days, but most transactions are confirmed within an hour." - from their site. So they wait just for one conf.</p>

CC BY-SA 3.0
2018-02-02T11:12:29.857Z
2018-02-02T11:12:29.857Z
theDuke
<p>BitPay takes all the risks of a double-spend and they don't wait for any confirmation to make the user feel good with the purchase. The merchant doesn't care because they'll receive fiat and most of them are not direct access purchases.</p>

CC BY-SA 3.0
2013-06-18T00:06:37.193Z
how does this scale when it is used in retail stores and I shopped for expensive stuff, say jewellery or a macbook etc...?
Medicine
CC BY-SA 3.0
2013-06-19T00:56:27.823Z
@Medicine Same as my previous answer. They take the risks for the instant payment. There's no other way around, unless you use a Green Address.
rdymac
CC BY-SA 3.0
2013-06-19T02:21:09.373Z
They probably charge extra for the exchanging of currencies because of that. And you did say it takes several seconds, which often is enough to detect a double-spend attempt (but often not).
Daniel H
CC BY-SA 3.0
2014-03-20T16:48:33.893Z
@DanielH, couldn't just several *huge* fradulent transactions render them bankrupt like MtGox?
Pacerier
CC BY-SA 3.0
2014-03-30T21:00:28.257Z
@Pacerier I read they've not receive a double spend attempt yet, they'd love to though, so they can appear in the media telling the story...
rdymac
CC BY-SA 3.0
2013-06-13T01:25:35.930Z
2013-12-31T15:14:30.247Z
2013-12-31T15:14:30.247Z
rdymac
<p>I believe it takes about an hour for 6 confirmations. (Edited from David Schwartz's comment)</p>

<p>However, when I purchased some stuff from merchants who used BitPay, the payment/orders were confirmed in like 20 seconds or so?
Since BitPay is confirming the order before 6 confirmations, how does it protect itself from double spending attacks?</p>

CC BY-SA 3.0
2013-06-12T18:42:51.133Z
How long do you think it takes BitPay to confirm a transaction? Are you assuming that just because the buyer isn't waiting at a screen, that means the transaction has already been confirmed? (Also, on average it's 10 minutes per confirmation, or 60 minutes for 6 confirmations.)
David Schwartz
CC BY-SA 3.0
2013-06-12T19:48:40.097Z
@DavidSchwartz I was able to place orders with merchants using BitPay in less than 30 seconds from sending payment to confirmation of payment on BitPay screen and confirmation of order from merchants? BitPay has retail store solutions where the customer pays with bitcoin and leaves with his stuff which looks like is getting processed in less than a minute.
Medicine
<bitcoind><bitpay>
How does BitPay manage to confirm transactions so fast (less than a minute)?
Medicine
# How does BitPay manage to confirm transactions so fast (less than a minute)?

(Asked by: username_0 on 2013-06-12)

I believe it takes about an hour for 6 confirmations. (Edited from username_1 username_1's comment)

However, when I purchased some stuff from merchants who used BitPay, the payment/orders were confirmed in like 20 seconds or so?
Since BitPay is confirming the order before 6 confirmations, how does it protect itself from double spending attacks?

**Tags:** bitcoind, bitpay

> **Comments:**
> **username_1**: How long do you think it takes BitPay to confirm a transaction? Are you assuming that just because the buyer isn't waiting at a screen, that means the transaction has already been confirmed? (Also, on average it's 10 minutes per confirmation, or 60 minutes for 6 confirmations.)  
> **username_0**: @username_1 I was able to place orders with merchants using BitPay in less than 30 seconds from sending payment to confirmation of payment on BitPay screen and confirmation of order from merchants? BitPay has retail store solutions where the customer pays with bitcoin and leaves with his stuff which looks like is getting processed in less than a minute.  

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## 3 answers

### Answer by username_5 on 2013-06-13. Score: 7 | Accepted answer

BitPay takes all the risks of a double-spend and they don't wait for any confirmation to make the user feel good with the purchase. The merchant doesn't care because they'll receive fiat and most of them are not direct access purchases.

> **Comments:**
> **username_0**: how does this scale when it is used in retail stores and I shopped for expensive stuff, say jewellery or a macbook etc...?  
> **username_5**: @username_0 Same as my previous answer. They take the risks for the instant payment. There's no other way around, unless you use a Green Address.  
> **username_6**: They probably charge extra for the exchanging of currencies because of that. And you did say it takes several seconds, which often is enough to detect a double-spend attempt (but often not).  
> **username_3**: @username_6, couldn't just several *huge* fradulent transactions render them bankrupt like MtGox?  
> **username_5**: @username_3 I read they've not receive a double spend attempt yet, they'd love to though, so they can appear in the media telling the story...  

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### Answer by username_2 on 2013-12-31. Score: 1

As I understand. In a bricks and mortar retail environment listening software can be employed which in just a few seconds reduces the risk of a double spend to a mathematical possibility rather than a practical concern.

Mail order, as soon as the transaction is detected, well there is no risk.

> **Comments:**
> **username_3**: Do you have any information or source regarding "in just a few seconds reduces the risk of a double spend to near negligible".  

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### Answer by username_4 on 2018-02-02. Score: 0

"For security and fraud prevention reasons, we require one confirmation on the bitcoin blockchain before we can credit funds can be added to the BitPay Card.

Note that confirmation times are determined by the Bitcoin network, not by BitPay. One confirmation may take as few as several seconds to as much as a few days, but most transactions are confirmed within an hour." - from their site. So they wait just for one conf.


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