Re:Stripe updates policy: free refunds and chargebacks
by URSpider94 on Wednesday December 19, 2012 @08:05PM
(#4945746)
The effort to handle a chargeback is not proportional to the amount of the charge, so I don't see why the fee would be.
If you read around on retail forums, you'll find that nobody would be able to get away with anything close to a 7% chargeback rate with traditional credit card processing, without getting their merchant account terminated with severe prejudice -- anything more than a percent or so raises alarm bells with the card companies.
If you read around on retail forums, you'll find that nobody would be able to get away with anything close to a 7% chargeback rate with traditional credit card processing, without getting their merchant account terminated with severe prejudice -- anything more than a percent or so raises alarm bells with the card companies.