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Delayed payouts are one way for businesses to minimize loss should a chargeback occur. But now that Lyft pays out instantly, they're at risk of losing the payou
by jjoe 11y ago
Delayed payouts are one way for businesses to minimize loss should a chargeback occur. But now that Lyft pays out instantly, they're at risk of losing the payout (> $50) + $chargeback_fee. Is the wording of the announcement code for "Stripe is shielding us from exorbitant transaction fallout costs"?
- ThrustVectoring 11y agoNot necessarily - they could be self-insuring. Given their historical chargeback data, they've got a fairly good amount of information about how much money it would cost them to eat chargebacks. Lyft may suspect that they're getting their money's worth in terms of non-pay driver compensation, loyalty, and marketing.
- strickjb9 11y agoDoes the driver typically not get paid when a chargeback occurs?