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Ya know all these message boards that these losers like to frequent to share their porn?
Well they also shared with the world the chargeback policy for PayPal and non tangible goods...
The bank backing the merchant account isn't just banking on the fees or costs... Visa/MC gives each entity a certain level of risk it can carry..
That's why when you reach over 100k/mon with some merchant accounts.. they drop you or refer you to a sister bank that's larger... because once you get over 100k the element of risk increases..
Anyways, back to Paypal...
Paypal's risk versus mainstream would be TOO high.. if they went back to servicing intangible goods...
They didn't want to invest the time, nor effort, into servicing this. There's no amount of fees that would make the 20-30% chargeback ratio worth it for them... They'd have pornographers on the phone screaming daily, "This guys address matched.. this guys this and that matched.."
But until you've played the game disputing chargebacks.. and losing.. and I'm talking 10+ per month.. you don't understand the level of stress that goes along with it.
I see some of you porn site guys complain about 1 or 2 chargebacks and I want to laugh in your face... 1 or 2 is NOTHING....
If you had paypal, you'd have WAY WAY WAY more... It's kinda like with Amex.. I don't take Amex for phone sex.. because some phone sex clients no they can chargeback.. without reprecussion...
There's just too much shit Paypal would have to deal with to do the business.. and it's not worth it for them to deal with the customer service that comes along with it...
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