| ▲ | ajaimk a day ago | |
I'm probably missing something but I never got the Merchant being on the hook for the chargeback. It should be the Credit Card Processor's liability for fraudulent charges (unless the merchant is actually at fault). If a stolen card is used to make a purchase, why is the merchant on the hook for this? | ||
| ▲ | itsoktocry a day ago | parent [-] | |
>If a stolen card is used to make a purchase, why is the merchant on the hook for this? Did they confirm the identity of the person matches the card? If the merchant has no liability, if opens up a whole world of new fraud. | ||