alt Hacker NewsDoing any business at all in Germany carries extreme business risk, by American standards. The attitude of Germans seems to be to just live with it and maybe get insurance. If you just have to accept courts will void 1% of your transactions (costing another 2% in legal fees) then you just make everything 5% more expensive to cover it.
This is why there's not much big tech in Germany. A single legal dispute can theoretically bankrupt any company, completely at random, at no fault of the company, but practically doesn't. It may be a low enough chance to justify investing thousands but nobody would invest a hundred million dollars in that.
> If you just have to accept courts will void 1% of your transactions (costing another 2% in legal fees) then you just make everything 5% more expensive to cover it.
That's an absurd exaggeration in regard to the issue at hand. Almost certainly far less than 1% of purchases by minors are voided, and NONE of those involve legal fees unless the seller chooses to go to court rather than refund.
In fact, I'd be willing to bet money that there are overall far less purchases refunded in Germany than in the USA.