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That's not the reason. Cost of chargebacks falls entirely on the merchant. Visa/MC have no reason to care.
by paxys 6mo ago
That's not the reason. Cost of chargebacks falls entirely on the merchant. Visa/MC have no reason to care.
- mrsilencedogood 6mo agoWhat happens if the merchant folds or disappears? Stripe (or Visa or whoever) then are the bagholder. And if someone has a ton of chargebacks, it's not uncommon they're then difficult to collect from.
- eclipticplane 6mo agoThen hold back a portion of funds in escrow.
- mrsilencedogood 6mo agoAh good job, you fixed it. I suggest you let Stripe and Visa know, I'm sure they'll be keen.