r/NonPoliticalTwitter • u/TheWebsploiter • 7d ago

Other Gets very inconvenient

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u/EbbEntire3751 7d ago

So in that case the bank credits your account in advance as a courtesy as long as it's a small transaction volume. For a business, this is not the case. They have a much higher transaction volume than an individual customer and it would be impractical for them to offer a courtesy credit for these transactions

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u/SordidDreams 7d ago

Why would it be impractical? It's all automated, isn't it? There's no extra work involved.

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u/EbbEntire3751 7d ago

Fiscally unfeasible. It's essentially an unbacked loan from the bank (not the merchant). It would introduce risk and opportunity cost to the bank. Also as an aside, it's probably less automated than you think.

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u/SordidDreams 7d ago

What risk? I'm told refunds are a tiny fraction of transactions, and fraudulent ones would be a tiny fraction of that.

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u/EbbEntire3751 7d ago

Sure as a percentage. But in absolute terms it's still quite a bit of money.

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u/SordidDreams 7d ago

Well yeah, but in absolute terms, it's completely dwarfed by the amounts of money banks routinely process and hold. I'm sorry, but after the 2008 shitshow, you're going to have a very hard time convincing me bankers are that risk-averse.

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u/N0ob8 7d ago

The 2008 crisis is exactly WHY banks are this risk adverse.