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Sure, it's very attractive, suddenly you can accept all sorts of payments, but what you won't know, are the massive chargebacks -- 25 usd per chargeback. This
by kingmailer 8y ago
Sure, it's very attractive, suddenly you can accept all sorts of payments, but what you won't know, are the massive chargebacks -- 25 usd per chargeback.
This means, if your product costs 10 usd, you just lost 35 usd revenue.
That's payment from 3,5 customers, if 2 customers create chargebacks, that's 70 usd gone from your account.
And the best part? The payment provider will just "suspend" your account because "they invented a reason, without any warning upfront", and just steal your money.
Pretty fun?
Just do it the old fashion way:
Negotiate with your customers, and send an invoice, old fashion way, but more reliable for your company.