Well, today I learned Stripe does not refund fees when you issue a refund so guess we're moving completely to PayPal!
I wish I knew this like.....I dunno....two years ago! So much lost money. I guess it's my fault for not paying attention sooner. #entrepreneurlife
-
-
Typical users selling things over the Internet have extremely low refund rates most of the time, so this is relatively immaterial, but there are some business models where free refunds encourage high refund rates. We decline to bear the risks/costs of those businesses for free.
-
Imagine a business model with an explicit or explicit security deposit. They might take advantage of free transactions in and out to build up $1 million a month in deposits. That model represents substantial cost and risk to us. If refunds are free, you subsidize their business.
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
This seems very un-stripe-like, no?