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0 pointszajio1am2y ago0 comments

So why not offer payment methods without chargebacks? Here in Europe, i pay 95% online payments with direct bank transfers, which do not offer chargebacks.

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gjsman-10002y ago

Because in America, direct bank payments are a pain, and come with the risk of more money being taken out than displayed onscreen. Your bank account information might also get re-used.

There’s a reason why it’s common advice to use credit cards and not debit cards, simply because the fraud protections and laws are stronger.

danShumway2y ago

But if you can't accept credit cards for some reason, no one would tell you to close up your business instead of accepting debit cards.

"This specific category has a high risk of chargebacks, so it's using a less convenient/safe system" does not seem like an absurd thing for a payment processor (or a storefront) to say. Services like Paypal support direct bank access for payouts, right? The systems may not be ideal, but payment processors are not so uncomfortable with them that they won't support them at all.

This doesn't really explain why payment processors couldn't restrict payments for adult material to a subsystem or charge higher transaction fees for it specifically. If this is just about risk, then... risk can be priced. It doesn't seem that complicated. You calculate the chargeback rate for the category and you price transactions for that category accordingly. Part of the financial cost of payments online goes into subsidizing risk, this is already something that we all do every time we use a credit card on a service with transaction fees.

Stripe couldn't have a different pricing tier for payments or businesses operating within specific categories?

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