Yes $15 each, even if I win the dispute, I still pay the fee
$15 fee on a $9 charge back
Discussion
And ironically, they’ll suspend *you* if you get too many of them.
Exactly! My friend over at privacydevil.com got suspended, had other merchant accounts shut down, bank accounts shut down etc. But here's the run: he's been accepting Bitcoin since 2013 and how much did we all spend with him over a decade of accepting BTC? 60 BUCKS worth 😆 🤣 😂 well done! Peer 2 peer cash My behind!!! We need to up our game.
🤢🤮
Wow!!! That's line a 5 dollar profit dude!!! Keep doing it again and again and again....
Not!!! 😆 🤣 😂
My friend at privacydevil.com has been trying in vain since 2013 to get y'all to buy in Bitcoin but most of us are lousy at spending in BTC. To date he's just made 60 usd in sales in BTC. Go figure. 60 bucks over a decade. What a joke! We need to get our shit together.
Is he giving a significant discount for Bitcoin payment? On one side merchants complains that they pay fee and get charge back with cards but on the other give no discount or even use third party for Bitcoin payments that charge 1-2% on user + have horrible exchange rate.
When I get no fee and no margin on exchange rate I always pay in BTC, but I still loose as I have fee for buying BTC and miss on 1% cashback on my card. 3 to 5% discount should motivate most people with bitcoins to pay in BTC.
10% discount for paying in BTC. At one point it was even 20% but never any takers. And it's not like they didn't advertise, they were all over YouTube in 2017. Nobody bought using Bitcoin.
Fucking madness
And the EU SEPA (a sort of inverse bank wire where you charge the user account) is a joke too: if the customer account is empty or locked, a dispute is opened and closed in the same instant, the seller lost it and have to pay a chargeback fee of ~$10, plus the Stripe % fee on the amount, and the original transaction is rolled back of course. All this automatically.
This happens also if the customer open manually the dispute.
There isn't any valuation by Stripe.