Yes, and I'd say they are even harsher than for creditcards - i.e., return cash ... | Hacker News

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		PeterisP on Oct 11, 2013 \| parent \| context \| favorite \| on: Ask HN: Why do all payment processors charge 2.9% ... Yes, and I'd say they are even harsher than for creditcards - i.e., return cash first and ask questions later. The DD system doesn't do dispute resolution - you can make DD's easily, but the customer can revert anything he 'didn't agree to' and that's it; and the EU rules allow doing that for at least 13 months (UK says unlimited, I'm not sure on that).

dangrossman on Oct 11, 2013 [–]

> Yes, and I'd say they are even harsher than for creditcards - i.e., return cash first and ask questions later.

That's how it works with credit cards as well. You're always debited before you're even notified of the chargeback.

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