<story><title>Square to no longer return processing fees when buyers are issued a refund</title><url>https://squareup.com/us/en/press/policy-and-pricing-updates</url></story><parent_chain><item><author>latchkey</author><text>This will affect businesses that do 3rd party merchant services, like events. If the event is cancelled, refunds are issued. Who pays that fee? It would be up to the business to try to claw back funds from the promoter of the event... who is now bankrupt from not being able to do their event. It gets ugly fast.</text></item></parent_chain><comment><author>samwillis</author><text>I think that&amp;#x27;s why (well one of the reasons along with generally poor behaviour) most ticketing sites tag on so many extra &amp;quot;service&amp;quot; charges. Some charge to even receive a digital copy of your ticket! I believe they don&amp;#x27;t have to refund these charges when the event is cancelled.</text></comment>
<story><title>Square to no longer return processing fees when buyers are issued a refund</title><url>https://squareup.com/us/en/press/policy-and-pricing-updates</url></story><parent_chain><item><author>latchkey</author><text>This will affect businesses that do 3rd party merchant services, like events. If the event is cancelled, refunds are issued. Who pays that fee? It would be up to the business to try to claw back funds from the promoter of the event... who is now bankrupt from not being able to do their event. It gets ugly fast.</text></item></parent_chain><comment><author>Jeremy1026</author><text>I&amp;#x27;d think they&amp;#x27;d just amend insurance policies to include the potential 3% revenue loss.</text></comment>