> 1) Chargebacks -- people chargeback the shit out of these kinds of transactions.
So perhaps offer a payment system without chargebacks? Direct bank transfers also do not offer chargebacks and people use them for payment for goods and services.
In the US, the most common ACH debit and credit transfers can be “returned,” which is similar to a chargeback. This is covered by Subpart A of Regulation E of the Federal Reserve. Only “wire transfers” such as Fedwire and SWIFT transfers, which consumers rarely make here, offer final, irrevocable* payments the way many other countries’ normal domestic transfer systems do.
* Meaning they can’t be undone through the payment system. Sometimes it’s possible to sue the recipient or recover the money in other ways.
So perhaps offer a payment system without chargebacks? Direct bank transfers also do not offer chargebacks and people use them for payment for goods and services.