Did chargebacks become such a big problem here? I haven't actually bought/sold anything here in the last couple years but I'm interested in the payments industry so I'm asking out of curiosity

Originally posted by ZAP|TremendousUltraLight:

Did chargebacks become such a big problem here? I haven't actually bought/sold anything here in the last couple years but I'm interested in the payments industry so I'm asking out of curiosity

nah, cross region fees have gotten insane, its 1:1 fee up to like 5 usd/5 euro or equiv, if you're sending across regions.

cheaper to just eat the buyer/seller fee but it's still high. Paypal sucks now.

Originally posted by ZAP|TremendousUltraLight:

Did chargebacks become such a big problem here? I haven't actually bought/sold anything here in the last couple years but I'm interested in the payments industry so I'm asking out of curiosity

I once read awhile ago ppl use friend and family option to avoid chargebacks. I could be wrong. I do not really know since I do not use Paypal.

I find Interac quite convinent. All you need is an email address or phone number, and you can send the money to that person. The receiver will get a secure link, and they can use the link to log in their bank account to deposit the money. The receiver will need to answer the security question agreed-upon by both parties. If the receiver answers the question right within 4 tries, the money will be deposited (Which means do not set up the security question as “Who is my favorite line up for The Beatles”).

Originally posted by NEOCOW:

nah, cross region fees have gotten insane, its 1:1 fee up to like 5 usd/5 euro or equiv, if you're sending across regions.

cheaper to just eat the buyer/seller fee but it's still high. Paypal sucks now.

To clarify: that 1:1 fee is only for friends & family/personal payments. The goods & services fee is 5%-6% + $0.30 for most countries, so group buys and bundle splits for higher-value bundles are still tenable, but it does ruin cross-region splits for anything really low value.

Originally posted by C_O's Deep Fried PC:

Originally posted by ZAP|TremendousUltraLight:

Did chargebacks become such a big problem here? I haven't actually bought/sold anything here in the last couple years but I'm interested in the payments industry so I'm asking out of curiosity

I once read awhile ago ppl use friend and family option to avoid chargebacks. I could be wrong. I do not really know since I do not use Paypal.

It did make chargebacks/disputes much harder for the buyer, but I think lower fees were the main reason F&F was used in this group.

Solution, use Revolut. Not sure if it's available in other countries beside EU yet though.

Originally posted by C_O's Deep Fried PC:

Originally posted by ZAP|TremendousUltraLight:

Did chargebacks become such a big problem here? I haven't actually bought/sold anything here in the last couple years but I'm interested in the payments industry so I'm asking out of curiosity

I once read awhile ago ppl use friend and family option to avoid chargebacks. I could be wrong. I do not really know since I do not use Paypal.

I find Interac quite convinent. All you need is an email address or phone number, and you can send the money to that person. The receiver will get a secure link, and they can use the link to log in their bank account to deposit the money. The receiver will need to answer the security question agreed-upon by both parties. If the receiver answers the question right within 4 tries, the money will be deposited (Which means do not set up the security question as “Who is my favorite line up for The Beatles”).

nah, charge backs were bad for f/f and normal charges, didn't matter either way.

We just did f/f because it was a 0-profit venture here to start.