Posted byElgato Gaming Technical Marketing Manager3 years ago
It is clear that simply the cost of cutting a check versus ACH payment is reason enough to adopt this strategy in your company. MineralTree, an electronic payments company estimates that cutting paper checks costs the U.S. Economy between $26 and $54 billion each year. There is really no sound justification to contribute to that total. Twitch User Security Guide, Pt. One is for the users making payments on Twitch, and the other will be about streamers receiving payments. The main reason is that when you use a credit.
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Do you accept tips? LEAVE THEM IN YOUR PAYPAL ACCOUNT
I'd like to point to this tweet from streamer /u/Lolrenaynay.
Chargebacks are a serious issue, and it is a system often abused by trolls on Twitch.
There is a grace period, in which someone who tipped(Donated) to you on Paypal can request a refund or chargeback, which is currently an absurd 180. To be on the safe side, you should leave any money you receive in your account, for at least a few weeks, just to be sure the person does not want it back.
For larger donations, I'd say $30 and up, leave it in for the whole 180 days.
Adding to that, Paypal will charge fees for processing chargebacks, and those fees, guess what, are on YOUR SHOULDERS. That's right. People give you money, then they want it back, and you're stuck paying any fees.
Always recommended for personal safety reasons, is upgrading your Paypal account to a business account.
Also, donations services like TwitchAlerts have a system in place, where people who chargeback are banned from tipping again. This does a pretty good job of weeding out the trolls.
These threads come up time and again, but they're crucial in safeguarding the Twitch community. If anyone has any more tips, please, list them below :)
EDIT--
According to /u/rbundi87,
Lets just be clear here. PayPal does not charge you a charge back fee. The credit card company does or bank. Your processor whether it be stripe, square, or paypal they are all charged a fee of around 500-700 dollars and you are charged the 20.00. Processors do not like charge backs just as much as the seller does.
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