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Originally Posted by rowan
Too risky. If the funds of the sender are loaded with a stolen/fraudulent card then when the chargeback arrives your account gets debited to recover them. Would you accept a 5% or 10% cut when a single fraudulent trans could set you back hundreds of dollars?
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Umm yes. at 5% as long as less than 1:20 people are scamming you aren't losing money and at 10% you're ok at less than 1:10. I doubt every seriously if 1:10 to 20 transactions are fraudulant and even those that are can be made up with "trusted" traders whom you've built a relationship with over time. A customer giving your 5 to 10% of their income is worth loads of money in the long run. The problem is the legalities and paperwork, not fraud.