Comment by californical
5 hours ago
That’s like telling people not to get homeowners insurance for the same reason
Like, yes, it’s technically a bad deal. But it’s still worth the extra cost for most people
5 hours ago
That’s like telling people not to get homeowners insurance for the same reason
Like, yes, it’s technically a bad deal. But it’s still worth the extra cost for most people
Insurance like that is normally because if the potential size of the loss. Losing a house is way more than most people could stand. A closer example might be buying the extra service contract on every electronics purchase you make: that's usually a bad deal.
> But it’s still worth the extra cost for most people.
Is it? You charge back over 2% of your transaction volume? If you don't then just removing the middleman will make everyone happier. If you do, I have questions as to why...
If they'd come close to such chargebacks, they'd already be kicked out of the system and blocked.