[saurik]

Craigslist explicitly tells people selling on it to avoid accepting online payments (like, PayPal) and only work with cash because the online payments are reversible and sellers constantly get scammed. You have to remember that transactions involve two parties, and it isn't somehow always the case that only the ones on one side matter.

The power balance simply isn't always "seller who is selling a large quantity of easily-replaceable items that might be a dud can easily amortize the cost of fraud across all of their payments by high margins"... sometimes it really is "seller who is selling a small quantity of expensive or precious items tends to get scammed by anonymous buyers who abuse chargebacks ".

[rvz]

> ...sometimes it really is "seller who is selling a small quantity of expensive or precious items tends to get scammed by anonymous buyers who abuse chargebacks ".

This. He's right you know.

The chargeback system is rife with extreme abuse, and the banks will always give in to friendly fraud without checking the contents of the dispute. Both the customer and the merchant lose to chargebacks and friendly fraud.