I am currently not accepting credit or debit cards as payment for my SaaS to avoid chargeback fees.
I have seen a few articles ( like https://www.reddit.com/r/paypal/comments/1juoa18/client_issued_a_chargeback_after_over_a_year_what/ ) mention that customers issued chargebacks even after 1 year. As I understand, if I take 12 payments in a year, 1 customer can potentially chargeback all 12 payments for a total of 12*15= $180. This seems like a lot of liability for a small business.
I am only selling with UPI ( Unified Payments Interface ) or net banking with Indian banks . This may be limiting but I do not have to worry about losing $15 – $30 for every payment that I receive.
Do you have any views to share on this ?
Comments URL: https://news.ycombinator.com/item?id=45401256
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Source: news.ycombinator.com
