Author Topic: PSA: Don't swipe recklessly for others  (Read 426558 times)

Offline zh cohen

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Re: PSA: Don't swipe recklessly for others
« Reply #4155 on: January 09, 2021, 11:19:31 PM »

Will shift the loss to whatever mosad/business/gmach he was swiping by.

This is an important point that people don't pay attention to. If people would think about the fact that they aren't taking money from the CC company, they are taking it from the merchant, they may not be so quick to charge back.

(IIRC, Dan had a rant about this after one of the DD seminars)

Offline YossieW

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Re: PSA: Don't swipe recklessly for others
« Reply #4156 on: January 09, 2021, 11:27:17 PM »

Offline lcm

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Re: PSA: Don't swipe recklessly for others
« Reply #4157 on: January 09, 2021, 11:54:23 PM »
This is an important point that people don't pay attention to. If people would think about the fact that they aren't taking money from the CC company, they are taking it from the merchant, they may not be so quick to charge back.

(IIRC, Dan had a rant about this after one of the DD seminars)
Now who is going to start a chargeback insurance company? Maybe this belongs in The billion $ idea thread

Offline drosenberg88429

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Re: PSA: Don't swipe recklessly for others
« Reply #4158 on: January 10, 2021, 12:47:52 AM »
Now who is going to start a chargeback insurance company? Maybe this belongs in The billion $ idea thread

There are numerous companies which offer this.

Online AsherO

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Re: PSA: Don't swipe recklessly for others
« Reply #4159 on: January 10, 2021, 10:45:24 AM »
There are numerous companies which offer this.

What do they do for companies with shady business models/practices? Charge them sky high premiums?

Isnít it worth it to self-ensure? Especially considering that as a merchant youíre unlikely to lose a chargeback on a high-ticket charge if you did your part.

Offline Shaya E

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Re: PSA: Don't swipe recklessly for others
« Reply #4160 on: January 10, 2021, 10:54:33 AM »
Especially considering that as a merchant youíre unlikely to lose a chargeback on a high-ticket charge if you did your part.

A friend of mine owns a clothing store in boro park where the vast majority of customers are religious jews. You would be shocked to hear the amount of chargebacks that take place. People dispute charges for any reason. If they don't like the way the dress looks, if the store doesn't accept returns, even of they are too lazy to go return the item, etc. Insurance is very important, sometimes there is nothing the merchant can do.

Online AsherO

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Re: PSA: Don't swipe recklessly for others
« Reply #4161 on: January 10, 2021, 10:59:18 AM »
A friend of mine owns a clothing store in boro park where the vast majority of customers are religious jews. You would be shocked to hear the amount of chargebacks that take place. People dispute charges for any reason. If they don't like the way the dress looks, if the store doesn't accept returns, even of they are too lazy to go return the item, etc. Insurance is very important, sometimes there is nothing the merchant can do.

Donít tell me they lose all those chargebacks, that would be frightening.

Offline Shaya E

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Re: PSA: Don't swipe recklessly for others
« Reply #4162 on: January 10, 2021, 03:18:53 PM »
Donít tell me they lose all those chargebacks, that would be frightening.
Of course not, but they lose enough that it hurts them.

Offline Shaya E

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Re: PSA: Don't swipe recklessly for others
« Reply #4163 on: January 10, 2021, 03:22:00 PM »
He also mentioned to me that a lot of stores report those customers to each other. Sort of blacklist them from paying via cc.

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Re: PSA: Don't swipe recklessly for others
« Reply #4164 on: January 10, 2021, 03:24:24 PM »
This



I wonder if this (the fact that he used his own terminal) could result in criminal charges. Does anyone know?

Online flyingace

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Re: PSA: Don't swipe recklessly for others
« Reply #4165 on: January 11, 2021, 12:13:32 AM »
A friend of mine owns a clothing store in boro park where the vast majority of customers are religious jews. You would be shocked to hear the amount of chargebacks that take place. People dispute charges for any reason. If they don't like the way the dress looks, if the store doesn't accept returns, even of they are too lazy to go return the item, etc. Insurance is very important, sometimes there is nothing the merchant can do.
I think there are people who don't know to use return/purchase protection and just dispute it on the credit card. This really hurts the businesses.

Offline m65

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Re: PSA: Don't swipe recklessly for others
« Reply #4166 on: January 13, 2021, 07:26:50 PM »
mys is now less than a week behind on deliveries, and being super fast on checks the last few weeks.
i must say a great relief

Offline El Capitan

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Re: PSA: Don't swipe recklessly for others
« Reply #4167 on: January 15, 2021, 10:43:24 AM »
Closeoutnj same day scan in. Delivery this morning scanned in 5 minutes ago!
Always looking for a good MS method... PM suggestions 😊

Offline m65

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Re: PSA: Don't swipe recklessly for others
« Reply #4168 on: January 18, 2021, 10:35:15 AM »
Closeoutnj same day scan in. Delivery this morning scanned in 5 minutes ago!
not for me
have item showing delivered on 1/14 not checked in :(

Offline Danlover111

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Re: PSA: Don't swipe recklessly for others
« Reply #4169 on: January 18, 2021, 10:59:28 AM »
not for me
have item showing delivered on 1/14 not checked in :(
to de or lkwd?