[tluyben2]

While there is no guarantee by law, these companies do cover fraud with their vast reserves. Ofcourse an economic downturn could change that.

[gruez]

I'd rather have fraud protection mandated by law, than provided as a good will gesture by the corporation. should there be a disagreement between me and the company, the former provides me with legal recourse, whereas the best I can hope for with the latter is a social media shitstorm.

[tluyben2]

Ofcourse, just saying how it is and that it is pretty well accepted by 100s of millions of people.