Inspired by true events from this morning

  • grandma
    link
    fedilink
    English
    arrow-up
    20
    arrow-down
    2
    ·
    2 months ago

    They don’t seem to have an issue sending $10 refunds to my bank account, I wonder how much it actually costs them

    • smeg@feddit.uk
      link
      fedilink
      English
      arrow-up
      13
      ·
      2 months ago

      Complete guess here, but refunds are probably handled differently by the banks compared to new payments, i.e. undoing an error is probably free(ish), but paying people is how they get you

    • ryathal
      link
      fedilink
      English
      arrow-up
      6
      ·
      2 months ago

      The bigger cost is probably the processing time, limiting to $100 probably drops the number of payments by 80%.