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Old 06.05.2021, 15:16
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Ricardo payment options ≠ credit cards

Ricardo sent out a notice last week informing merchants they will no longer be supporting integrated payment options such as credit card, porstfinance, twint or ApplePay on their platform. What a huge step backward for both buyers and sellers. What are they thinking?

does anyone have any info on their reasons for this? They say it's "Im Interesse einer kontinuierlichen Verbesserung", but it's clearly the opposite.
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Old 06.05.2021, 23:31
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Re: Ricardo payment options ≠ credit cards

Wow that’s a lot worse than I thought.

They said in the info email they would fall back on bank transfer and cash on pickup, or outside arrangement through Twint, PayPal, etc. This stinks of venture capital.
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Old 07.05.2021, 15:14
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Re: Ricardo payment options ≠ credit cards

It may be a positive change in the end, since the gone payment processing was pricey and slow. Most of the times, online platforms stop allowing credit card payments, when the processing costs rise too high due to chargebacks or high maintenance costs. If there is another reason, then it is a mistake of Ricardo's PR to hide it behind boiler plates.

Personally, I'd much rather prefer, if they had TWINT payments for the same escrow service, not a bank card. Because escrow is a useful service, that makes things easier for both parties, but it shall not cost even 1% to be mass adopted for those simple deals with fully automated escrow contracts.
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Old 07.05.2021, 15:24
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Re: Ricardo payment options ≠ credit cards

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Ricardo sent out a notice last week informing merchants they will no longer be supporting integrated payment options such as credit card, porstfinance, twint or ApplePay on their platform. What a huge step backward for both buyers and sellers. What are they thinking?

does anyone have any info on their reasons for this? They say it's "Im Interesse einer kontinuierlichen Verbesserung", but it's clearly the opposite.
If this is true this is basically the death of Ricardo as a legitimate platform and it will increasingly become a chancer and scammers paradise with almost no chance of getting your money back if you get screwed.
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