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Yesterday, I was talking with one guy doing home inspections. He also refuses to accept CC. The main reason is that after deal does not go thru the people who h

by tlogan 4y ago

Yesterday, I was talking with one guy doing home inspections. He also refuses to accept CC. The main reason is that after deal does not go thru the people who hire them will file a chargeback.

deleted 4y ago
[deleted]
dawnerd 4y ago
Had to hire two inspectors in a short time and they both were cash or check only. Same reason.
raverbashing 4y ago
It would be "fun" if those people that put the chargeback gets sent to collections and a nice entry gets put on their credit report for payment failure I bet the bank providing their mortgage would love to have that information
- acdha 4y ago
  So much small scale fraud relies keeping the losses below the level where someone is willing to risk getting sued. The kind of people who are doing this would be highly likely to try things which would end up with you needing a lawyer - even drafting a letter, much less showing up in small claims court would cost more.
  - raverbashing 4y ago
    Exactly That's why you counteract with something that is also "cheap" to do (one lawyer letter is expensive, having a template is cheaper. Sending to collections is cheaper)
rightbyte 4y ago
How is that chargeback granted? The inspector has documentation for doing his job in the property. Does Mastercard etc not even ask him for some evidence?
- ZephyrBlu 4y ago
  My understanding is that chargebacks are not fun to deal with even if there is overwhelming proof that it's fraudulent.
- acdha 4y ago
  I’d imagine it’s similar to what’s described in the article where the cost of fighting it and the extra processing fees cut even further into the profit margin, and if it happens more than once they’ll use it as an excuse to jack up the base rate. Home inspection isn’t like retail sales - almost anyone buying a house can easily pay with cash or check, you’re not a big fraud risk since they’re not getting something they can resell, you can explain the problem in person, and a longer processing time doesn’t matter because you’re not doing a ton of transactions or any where someone expects to get the product in 30 seconds. I’m sure it’s convenient for customers but if you’re the inspector looking at paying 5+% of your revenue you’re definitely going to ask how many customers would walk if you don’t accept a credit card.
ghaff 4y ago
Of course, a lot of small time contractors and other service people in the US still primarily operate by check. I suspect that most of the people here from the US who say they never write checks don't own houses.

by tlogan 4y ago

Yesterday, I was talking with one guy doing home inspections. He also refuses to accept CC. The main reason is that after deal does not go thru the people who hire them will file a chargeback.

deleted 4y ago

[deleted]

dawnerd 4y ago

Had to hire two inspectors in a short time and they both were cash or check only. Same reason.

raverbashing 4y ago

It would be "fun" if those people that put the chargeback gets sent to collections and a nice entry gets put on their credit report for payment failure I bet the bank providing their mortgage would love to have that information

acdha 4y ago
So much small scale fraud relies keeping the losses below the level where someone is willing to risk getting sued. The kind of people who are doing this would be highly likely to try things which would end up with you needing a lawyer - even drafting a letter, much less showing up in small claims court would cost more.
- raverbashing 4y ago
  Exactly That's why you counteract with something that is also "cheap" to do (one lawyer letter is expensive, having a template is cheaper. Sending to collections is cheaper)

rightbyte 4y ago

How is that chargeback granted? The inspector has documentation for doing his job in the property. Does Mastercard etc not even ask him for some evidence?

ZephyrBlu 4y ago
My understanding is that chargebacks are not fun to deal with even if there is overwhelming proof that it's fraudulent.
acdha 4y ago
I’d imagine it’s similar to what’s described in the article where the cost of fighting it and the extra processing fees cut even further into the profit margin, and if it happens more than once they’ll use it as an excuse to jack up the base rate. Home inspection isn’t like retail sales - almost anyone buying a house can easily pay with cash or check, you’re not a big fraud risk since they’re not getting something they can resell, you can explain the problem in person, and a longer processing time doesn’t matter because you’re not doing a ton of transactions or any where someone expects to get the product in 30 seconds. I’m sure it’s convenient for customers but if you’re the inspector looking at paying 5+% of your revenue you’re definitely going to ask how many customers would walk if you don’t accept a credit card.

ghaff 4y ago

Of course, a lot of small time contractors and other service people in the US still primarily operate by check. I suspect that most of the people here from the US who say they never write checks don't own houses.