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Braintree and Adyden do as well to my understanding. Payment processors are low-margin. It costs interchange fees and scheme fees to reverse a transaction, it’
by lambda_lord 4y ago
Braintree and Adyden do as well to my understanding.
Payment processors are low-margin. It costs interchange fees and scheme fees to reverse a transaction, it’s not free.
It’s unfortunate for the businesses that process a lot of returns, but processing fees
would go up for everyone if returns were free.
- poxrud 4y agoThe payment processors are only charged a tiny fee, not a percentage of the transaction. Up until a few years ago Stripe, Paypal and others had no issues with refunding the entire amount.