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To mind that Mastercard and Visa arbitration fees for merchants is $500.

Adyen has great docs about how disputes are handled on those two networks: https://docs.adyen.com/risk-management/chargeback-guidelines... and https://docs.adyen.com/risk-management/chargeback-guidelines....

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Almost no chargeback will ever go to arbitration though. So it's not like this new fee is the reason behind the change. Patrick Collison is (probably) just exploiting his position in the market to squeeze more money out of merchants.

I sure wish there was more competition in the payment marketplace. During the early Stripe years, I thought Patrick would be above this nonsense (even without competitive pressure). Not so!

No one ever is really. People just do whatever they can get away with.

> Patrick Collison is (probably) just exploiting his position in the market to squeeze more money out of merchants.

Welcome to Capitalism. The line must continue sloping upwards!

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