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by stymaar 6 days ago
Until customers don't want to but because they are afraid they have no way to get their money back if anything goes wrong.

(Chargeback exists for a reason, and the reason isn't to piss off businesses).
2 comments
mothballed 6 days ago
It's nice to have the option either way, but if merchants offer irreversible methods I usually pick them rather than pay a 1+% premium to cover chargebacks from scammer customers. For some customers irreversible is a big plus, if they trust the merchant.
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stevenicr 2 days ago
So you become.. Ebay and or Alibaba.

People afraid to buy because they are likely to be ripped off.

Sure lots of people stop buying there. But they seem to still be doing business every second of the day I assume.

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stymaar 2 days ago
> So you become.. Ebay

A former tech giant that has seen its dominance being swallowed by competitors and now cornered into numismatist and other collectible.

Sure it's a very profitable company for its inveators, but a friend of mine used to work there until recently and he used to describe it as a dead shell that merely lives out of rent-seeking on its legacy.

Good luck attracting investors if you have the same business plan today.

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