U txo is doing Satoshi's work.

Wtf

Yup. Brutal. I don't accept Amex anymore after losing a $5,000 dispute that was clearly a scam.

That stuff is brutal. It's also what makes me wonder how AI compute even makes sense without final transactions. Couldn't someone just use a bunch of compute, then reverse the credit transactions or simply use fraudulent cards?

That's exactly what happens to me, probably eats like 5% of my annual revenue

That's a decent chunk of revenue. Same for my business, I think we've got about 3-5% of our revenue never came in. We provided the service and people didn't pay for their invoice. Too little for court, but when you put it all together, it ends up being a decent chunk.

This, plus transaction fees is what Orange pilled me. I realized that the credit card companies get half t of all the money that goes through them after about 20 transactions, depending on flat rates and such. No way their business adds *that* much value to the economy. Why can't we find a more efficient way to move money? Especially one that might not actually give you your money after 6mo.

Stripe sucks

For Plati (my app name), we will only use payment methods that are final (as final as fiat payments can be). Such systems are adopted in various countries because everyone is tired of debit/credit cards. View quoted note →

People who have never had a credit card merchant account have no idea of this struggle. Even ACH payments have a lengthy clawback window.