3 ms·

> Credit cards fundamentally allow chargebacks; you can't turn them off. If you want to do business with no chargebacks you cannot accept credit cards either di

> Credit cards fundamentally allow chargebacks; you can't turn them off. If you want to do business with no chargebacks you cannot accept credit cards either directly or indirectly. So why is this not a problem for IGG? Since it obviously isn't - they cash out 15 days after funding closes. If the difference is that IGG takes a higher cut, then fair enough, let PayPal take a higher cut.

wmf 13y ago
If the difference is that IGG takes a higher cut, then fair enough, let PayPal take a higher cut. So you're asking PayPal to create a new level of service. (They probably won't, but their business is up to them.) That's fine, but you[1] should probably do that before using PayPal. And if PayPal doesn't create the new service you want, don't use PayPal. [1] By "you" I really mean anyone who's crowdfunding.
- Xylakant 13y ago
  > So you're asking PayPal to create a new level of service. No, I'm just saying that the problem seems not to be a fundamental one. And the point here is that PP does accept payments on behalf of IGG. If I decide to fund a campaign, one of the payment options is PayPal (obviously that can be configured and turned off, since it's off for mailpile atm). The funds donated to mailpile via PayPal were donated via the IGG website. That means to me, that PayPal is well aware that the user is trying to fund a risky endeavour, since by definition all IndieGoGo campaigns are presale and likely to fail. What I don't get here is: Why does PayPal as Payment Provider for IndieGoGo suddenly cop out and say "My dear, but that's too risky. I'll freeze the funds."
  - gtirloni 13y ago
    It IS a fundamental one. Most of your comments center on "why it's not a problem for IGG" while failing to understand the risks involved (and the risk mitigation actions taken).

3 ms·

> Credit cards fundamentally allow chargebacks; you can't turn them off. If you want to do business with no chargebacks you cannot accept credit cards either di

by Xylakant 13y ago

wmf 13y ago
If the difference is that IGG takes a higher cut, then fair enough, let PayPal take a higher cut. So you're asking PayPal to create a new level of service. (They probably won't, but their business is up to them.) That's fine, but you[1] should probably do that before using PayPal. And if PayPal doesn't create the new service you want, don't use PayPal. [1] By "you" I really mean anyone who's crowdfunding.
- Xylakant 13y ago
  > So you're asking PayPal to create a new level of service. No, I'm just saying that the problem seems not to be a fundamental one. And the point here is that PP does accept payments on behalf of IGG. If I decide to fund a campaign, one of the payment options is PayPal (obviously that can be configured and turned off, since it's off for mailpile atm). The funds donated to mailpile via PayPal were donated via the IGG website. That means to me, that PayPal is well aware that the user is trying to fund a risky endeavour, since by definition all IndieGoGo campaigns are presale and likely to fail. What I don't get here is: Why does PayPal as Payment Provider for IndieGoGo suddenly cop out and say "My dear, but that's too risky. I'll freeze the funds."
  - gtirloni 13y ago
    It IS a fundamental one. Most of your comments center on "why it's not a problem for IGG" while failing to understand the risks involved (and the risk mitigation actions taken).