Ask HN: Why hasn't the ACH system been more abused?

Re:Ask HN: Why hasn't the ACH system been more abused? by cowtools on Monday August 29, 2022 @05:58PM (#32644096)

I don't know, I hear all the time about people buying things on amazon or something and when it arrives it's just crap and you can't get a refund. At the end of the day, getting a refund is not about the payment method, it is about your business relationship with the vendor.

Cryptocurrency transactions require high trust in the sense that they cannot be refunded, but they also require low trust in the sense that the vendor cannot possibly steal any more money than what you sign them.

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Re:Ask HN: Why hasn't the ACH system been more abused? by reillyse on Monday August 29, 2022 @08:30PM (#32645314)

If you are going to argue by anecdote at least use a believable anecdote. Amazon have one of the most customer friendly refund policies and always offer a refund or replacement- obviously because they are just pushing it on to their sellers but still, they do.

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Re:Ask HN: Why hasn't the ACH system been more abused? by rvz on Monday August 29, 2022 @11:17PM (#32646280)

> Amazon have one of the most customer friendly refund policies and always offer a refund or replacement- obviously because they are just pushing it on to their sellers but still, they do.

With an open season of friendly / chargeback fraud, customer lies, refund tricks, etc which customers keep doing every day and so on which too many of that and Amazon will ban your account and they should.

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Re:Ask HN: Why hasn't the ACH system been more abused? by reillyse on Monday August 29, 2022 @11:53PM (#32646442)

I'm not sure if you have a point?

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Re:Ask HN: Why hasn't the ACH system been more abused? by rvz on Tuesday August 30, 2022 @04:52AM (#32648111)

My point is very clear. Such lax customer policies is open to high abuse and friendly fraud which hurts both the customer and the merchant.

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