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by ChemicalWarfare 3738 days ago
>For online transactions, credit card companies have -0- liability for fraud. 100% of the costs come from the merchant's pockets.

Which credit card companies are you referring to? If you're talking about issuing banks then liability for the fraudulent transaction is shifted towards the bank vs the merchant in some cases including card not present txs.
1 comments
tyingq 3738 days ago
Not in the US. 100% of the cost of card-not-present fraud is on the merchant.

Edit:

a) In the US, currently, 3DS would reduce your conversion to the point it would useless if mandatory. If optional, use would be abysmally low.

b) "payment facilitator entity handling fraud liability on merchant's behalf" Never heard of this. Certainly, Stripe and their ilk don't do this.

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ChemicalWarfare 3738 days ago
This will depend on a couple of things. 3DS for example shifts the liability towards the bank. Another example would be a payment facilitator entity handling fraud liability on merchant's behalf.
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