Replying to Avatar Orange Dad

On one hand I accept it as the cost of doing business. That said, in January each year I calculate what I paid in fees and it pisses me off.

But I wouldn’t have a business that mines fiat if I couldn’t easily accept cards and other payment types. And if I’m honest if I paid five figures in fees rather than four it’s been a good year.

Related: I think bitcoiners are getting wrong re: merchant adoption generally, and Squares POS specifically, is chargebacks.

Some very smart people - including the good folks at nostr:nprofile1qqsv8fus0eeygg3k4mzlv9y5j9x5jka6pzvyfgkcyrug38hmutnfd5spz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5u34wfv - will share the stats about “friendly fraud” and how it’s a huge issues. But the brewery owner or coffee shop owner I’d like to see accept bitcoin don’t have that problem on a $30 bar tab or $10 coffee/burrito order.

If the people I serve want a refund, or initiate a refund, I want them to get it. The “no chargebacks” as a feature for merchants to accept bitcoin via Square or a nostr:nprofile1qqsv8fus0eeygg3k4mzlv9y5j9x5jka6pzvyfgkcyrug38hmutnfd5spz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5u34wfv invoice is something I’m not convinced of. The flip side is it’s easy to refund someone on chain or via lightening.

But all of that said, I think a brewery owner can have a nice stack if they accept BTC and can get some bitcoiners to do their meetups at the brewery.

https://primal.net/e/naddr1qq2nvctftuk5ucthv9zhgjn5gd9rjut3d9nxgq3qg9ysswt67fnyqfrsgtd8l9p0eyccxlydn5eq0cn3evhm9w7e5nksxpqqqp65wvnmcs6

Regarding chargebacks, I think if it had never been so easy for someone to fraudulently make use of someone else's credit card account, chargebacks would never have been a thing in the first place. As it was, credit card companies had not choice but to offer that feature just to get anyone to be willing to use their fragile, easily exploitable system.

Conversely, I think "no chargebacks" vis a vis "not your keys; not your bitcoin" just makes intuitive sense... at least as much as it does with regard to cash transactions.

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That being said, if/when a merchant wants to provide a refund, provide a refund.