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Banks are not doing merchant processing for most people. Having some sort of reserve to guard against chargebacks is incredibly common in the industry; PayPal,
by Firehed 14y ago
Banks are not doing merchant processing for most people. Having some sort of reserve to guard against chargebacks is incredibly common in the industry; PayPal, however, is known for going completely over the top as the article and numerous commenters indicate.
- tripzilch 14y ago> Banks are not doing merchant processing for most people. Well, US banks aren't. Dutch banks are doing it just fine: http://en.wikipedia.org/wiki/IDEAL http://en.wikipedia.org/wiki/IDEAL Works very well and I trust this method a lot more than a payment processor that's not my bank. I'm not entirely sure what the rules are from the merchant's side, however.