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You could have efficient legal systems to take care of companies that defraud their customers. And then use payment methods that do not allow chargebacks (And d
by konschubert 3y ago
You could have efficient legal systems to take care of companies that defraud their customers. And then use payment methods that do not allow chargebacks (And don't cost more than 0.01$ per transaction.)
- londons_explore 3y agoThe current legal system allows a business to take a customer to court after a customer issues a chargeback and the business loses. I'm actually surprised businesses don't do it more often as a deterrent. At a minimum, they could go win a few easy cases, then tell future customers threatening chargebacks about those cases and the outcome. They could send a simple letter saying "We see you have initiated a chargeback against us. After investigation, we believe this chargeback not to have any merit. In cases of false chargebacks, it is our policy to take clients to court to reclaim our costs, which in past cases have averaged $X on top of the value of the goods.".
- tyingq 3y agoSmall businesses would have to travel to the customer's jurisdiction. I don't imagine many cases would meet the risk/reward bar for this.
- londons_explore 3y agoThey only need to do a few easy local cases to be able to act as a deterrent.
- MichaelZuo 3y agoHow would that deter those who know they are sitting in a far away jurisdiction?