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It is for merchants. Chargebacks are abused and can kill your profitability in certain industries. Stripe and PayPal label these has high risks and will shut yo
by hooplah 5y ago
It is for merchants. Chargebacks are abused and can kill your profitability in certain industries. Stripe and PayPal label these has high risks and will shut your account down if you receive too many chargebacks.
As someone who uses crypto on both ends, I think no reversal is the fairest way. Both sides lie, but the customer lies quite a bit and is usually favored in CC reversals.
- Nursie 5y agoWe have literally millennia of evidence that merchants are not to be trusted. “Both sides lie” covers a massive power imbalance as well as just ignoring history.
- hooplah 5y agoIf you don't trust the merchant don't do business with them. As a merchant, you have to accept all customers and hope they don't commit fraud, barring expensive fraud filters. As a customer, you have multiple options which business to patronize and you can screen them based on reviews. Or how you replied, we have literally a millennia of evidence that people cannot be trusted, merchant or not.