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0 pointsyani6y ago0 comments

Every chargeback from a fraudulent transaction costs ~$25 to businesses.

0 comments

For middlemen it can cost significantly more, as they often have to pay the businesses for the service anyway (e.g. food delivery)

I read "industry" as the "payment processing industry" not merchants.

j / k navigate · click thread line to collapse

0 pointsyani6y ago0 comments

Every chargeback from a fraudulent transaction costs ~$25 to businesses.

For middlemen it can cost significantly more, as they often have to pay the businesses for the service anyway (e.g. food delivery)

I read "industry" as the "payment processing industry" not merchants.

j / k navigate · click thread line to collapse