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by chrisco255
2999 days ago
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Transactions aren't "undone". In the event of fraudulent charges to your bank account, they simply eat the cost and comp you. As a result, some portion of the fees that you pay to bank are dedicated to these fraudulent charges. |
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It is important to note that "they" is usually the company that charged the card, not the bank or merchant processor. It is very similar to receiving a refund.