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While I understand your point, doesn’t adult stuff also have very high rates of fraud and chargebacks? Even if a fair bit may have been correct but reported as
by MBCook 2y ago
While I understand your point, doesn’t adult stuff also have very high rates of fraud and chargebacks? Even if a fair bit may have been correct but reported as fraud for personal reasons?
Avoiding a category like that (or holding it to stricter standards) seems rather reasonable.
- lxgr 2y agoMaybe so (I have no idea), but the risk of fraud and chargebacks is not borne by the network. There are many other high risk industries they don't seem to have a problem with.
- quesera 2y agoVisa sets merchant policy, and they do not allow high chargeback rates. The merchant bears the brunt of the economic loss, but chargebacks are a relatively expensive hassle for the network too, and ultimately they will drop merchants who cannot keep chargebacks low. Around 0.5% is considered reasonable. Anywhere in the 1% area for more than a few months will get a merchant dropped.