[MUD-Dev] [NEWS] Gaming Open Market

[Matt Mihaly]

From: Daniel.Harman at barclayscapital.com
> From:  Matt Mihaly

>> Seemingly growing site? Maybe they were growing, but they said
>> that $3000 wiped out almost all their profits since January. They
>> weren't exactly big players.

> I don't see how you can assume that without knowing their
> turnover. They could just be incredibly unprofitable due to low
> margins or high costs.

Let's just assume it's the case. =)

>> This has nothing to do with the actual market and everything to
>> do with the fact that they ignored an obvious, huge risk and had
>> no plan to mitigate that risk. It also really involves Paypal
>> only by coincidence.  Their fate would have been the same using a
>> normal merchant account.

> Do merchant accounts let people DK a credit card transaction as
> easily?

Yes. There is no way to prove delivery of a digital product that
Mastercard/Visa will accept at this time. And in a recent, further
effort aimed at f*cking over small merchants, the Great Credit Card
Duopoloy has deemed that if you dispute a chargeback and are ruled
against, you get fined up to $500.

--matt
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