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This. If you are going to be a legal dualolopy, then you can't cut off payments like you can't cut off power or water. Personally I breaking thei anti-trust b
by mchusma 5y ago
This.
If you are going to be a legal dualolopy, then you can't cut off payments like you can't cut off power or water.
Personally I breaking thei anti-trust behavior entirely, so people have options.
- WrtCdEvrydy 5y agoIt's the high chargeback rate.
- detaro 5y agoThat's always the excuse why the payment processors don't like it (payment networks will ban them if their customers cause to many chargebacks), but the payment networks themselves clearly have control over those rules and can put requirements in place to compensate (e.g. require insurance, delay payouts, ...) without full-on banning business types.
- AuryGlenz 5y agoThey could simply automatically raise fees depending on chargeback rate. It’s not a particularly hard problem to solve.
- aembleton 5y agoDon't they pass the costs of the charge back onto their merchants?