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146 sats \ 4 replies \ @optimism 27 Feb \ on: Credit cards suck at agent payments - @bluematt AI bitcoin lightning bitcoinplusplus
the current credit card network is not at all capable of dealing with a mass of small payments that may or may not have been desirable

auth -> accumulate -> charge. This doesn't exist, bozos? It's anyway going to take a night or 3 to clear, so you may as well do that.

Then, you charge whenever it hits $25. Good luck with your chargeback, bruh.

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119 sats \ 3 replies \ @Scoresby OP 27 Feb

Doesn't this put all the credit risk on the merchant? there might start to be a lot of balances with $24.99 unless I'm misunderstanding how it works.

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121 sats \ 2 replies \ @optimism 27 Feb

I don't know. You ever took the subway in new york or london? That's how that system works. Are you telling me that that system is high risk?

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119 sats \ 1 reply \ @Scoresby OP 27 Feb

I guess I always assumed subway systems do enough volume that they get special deals with credit card companies. But for somebody who makes a niche API that does not necessarily have such a large captive customer base, couldn't they mostly get ripped off? I haven't yet used one of the subways where they let you use your cc as a ticket (or I'm just stodgy and always still buy the ticket at the machine).

You're point is fair, though. CCs are big enough that they will doubtless have many solutions to this. My statement was too strongly worded.

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344 sats \ 0 replies \ @optimism 27 Feb

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