Safest Payment Methods

[Cade]

As a seller, what are the safest payment methods to accept to prevent against chargebacks/disputes/etc.?
*Not counting bitcoin

 

[solo]

BTC preferably a coinbase/blockchain wallet

 

[Cade]

BTC preferably a coinbase/blockchain wallet

Got that one already, excluding bitcoin payment.

 

[solo]

Got that one already, excluding bitcoin payment.

Ah, I've heard Stripe is pretty good

 

[AAAAAAAAAAAAAAAA]

Ah, I've heard Stripe is pretty good

it's not

 

[solo]

it's not

well then there is always paypal!

 

[AAAAAAAAAAAAAAAA]

Paypal is realistically the best unless you want to entrust your payment services to some russian startup

 

[Arik]

I use Cashapp which is working great.

 

[Cade]

Anything that pays with a card, Can be chargedback. The question relys on what services will cover that loss and what services will make you pay it plus a fee or that just cant be chargedback.

Thus we move to a tier list.

Risky
Paypal person to person g&s or f&f. Both can be refunded in dozens of ways. Its just a mess
Google Pay/Other wallet services These use the same logic as paypal for chargeback processes essentially. Which makes bank chargebacks highly winnable for the person

Some risk
CashApp can still be reversed if paid by card via a card. There support has some rules regarding disputing but there strange.

Venmo same logic as above

Stripe has alot better antifraud and logging systems then paypal which makes fighting any issues 100x more likely to win. Overall its a better business platform for selers. Its not a peer to peer site like paypal is.

Paypal invoicing. You get alot better protection here from standard paypal issues then just sending money.

No risk(to the seller(buyers can still get scammed with these))
Crypto
Bank transfers/Wiring

Conclusion:
If the platform supports a credit card or debit card or any sort of card like that. You have a risk to face chargebacks. Banks will side with there customers time and time again. Its just how it works. Outside of Crypto or bank transfers i recommend following basic safety rules when trading on the internet. There is always a possibility you will get scammed using something thats not crypto or a bank transfer. People suck at the end of the day.(I didnt add skrill into this as i personally dont use that platform) Read over the platform you choose sellers terms and figure out if what your doing is covered or not.

Great information, thank you!