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How is Visa responsible for all this?
by cabalamat 16y ago
How is Visa responsible for all this?
- mfringel 16y agoHow is Visa responsible for all this? Because Paypal's general annoyance factor is (likely) the path of least resistance for compliance with Visa's rules for a person-to-person payment service.
- cabalamat 16y agoSorry, I don't follow your reasoning. Could you restate that?
- eli 16y agoBecause Visa puts all the risk of fraud onto PayPal.
- cabalamat 16y agoI'm not sure I follow you. if Alice pays money from her PayPal account into Bob's payPal account, how is Visa a party in that transaction?
- dangrossman 16y agoVisa sets the rules PayPal has to work under for credit card payments. Most of these issues are account-wide things, so it doesn't matter that some of the payments you get aren't funded by a credit card. If you look risky, you look risky, and there's the chance some of your future payments will be by credit card, so better shut you down. If you're shut down, some of your payments were paid by credit card, so better to have a single policy that says to hold all the funds for 6 months (the standard period to wait out future chargebacks), rather than split up your balance by payment source, etc.