Is it really that merchant-friendly / anti-consumer? I have used chargebacks when merchants fail to deliver as promised, even when most people wouldn’t call them “some scammer”.
For instance recently a package was shipped that didn’t include one of many items. I asked for a refund, they claimed it was in the package. No worries, I’ll just do a chargeback.
Bank transfers and other direct methods are only an advantage for the seller and gives no advantage to the customer. That's why businesses that don't accept credit cards lose customers.
> You can't do that with credit cards.
Yes, you can. Stripe has same-day payouts, as do many more.
Every time I login I have to verify my identity (or use faceid on my phone). The bank account is basically unhackable without my physical presence.
Thus using something like ideal, there’s no need for fraud protection because it makes damn sure it’s you and asks like 4 times that you are sure.
Generally, you'd have to have your bank account hacked to have a reason to reverse a charge on these types of systems. It happens, but very, very rarely and the banks have a lot of reasons to make sure it doesn't happen. That or you gave money to a scammer and that's your own fault (but they'll still help you).
This is why the fees are much, much lower. Often these systems even verify that you actually have the money and can transfer the amount to your business bank account on the same day. You can't do that with credit cards.