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> Payment processors generally don't refund fees on payments when the payments are refunded, this isn't new. This is new, and in fact PayPal and Stripe enacted
by chrischen 6y ago
> Payment processors generally don't refund fees on payments when the payments are refunded, this isn't new.
This is new, and in fact PayPal and Stripe enacted this policy only this (or last year if I recall correctly).
Some payment processors like Affirm or Amazon Pay have not changed their policy on this yet.
- tdeck 6y agoSquare used to refund the fees, they changed that policy when I was there and the reason was just to lose less money on refunds. I'm not sure whether they had to pay interchange on refunds or not.