Re:Do we need to pay billions in fees to Stripe, Block, PayP...
by _heimdall on Saturday August 17, 2024 @01:42PM
(#41276331)
Correct, systems like iDeal intentionally don't support charge backs [1].
I believe the argument is that as long as they can ensure all transactions are secure and can only be initialized by those with access to the bank account, there shouldn't be a need for charge backs.
I believe the argument is that as long as they can ensure all transactions are secure and can only be initialized by those with access to the bank account, there shouldn't be a need for charge backs.
[1] https://www.mollie.com/growth/how-ideal-payment-method-works