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by ajaimk
269 days ago
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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? |
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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.