Re:My startup banking story (2023)
by EarlKing on Thursday August 28, 2025 @10:21PM
(#45059343)
How does something like CCBill stay in business when the card networks themselves have strict guidelines on chargeback rates that'll get you booted from the network?
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Presumably, such merchants are basically outsourcing their chargeback resolutions to CCBill, who I assume is quite good at fighting them via proof of purchase.
They charge 10% (or at least they did ~10 years ago, probably higher now) and require you maintain a 30% reserve and then they use that money to continue to lobby Visa/MC to prevent competition.