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by hocuspocus 13 days ago
Which is pretty much the case with Visa and MC too. There's little card payment fraud in Europe thanks to mandated strong authentication, and very low transaction fees as interchange is capped by the EU; card issuers don't initiate chargebacks so easily.
1 comments
SkiFire13 13 days ago
> There's little card payment fraud

You're confusing fraud as in unauthorized payments with fraud as in you not receiving what you paid for. The latter is not prevented by 3DS in any way.

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hocuspocus 12 days ago
No I'm not.

Ask anyone who tried to dispute a purchase that happened within the EEA, whether online with SCA or card present with PIN, card issuers often tell you to deal with the merchant directly. The interchange cap has significantly reduced revenue made on card payments, they have an incentive to avoid unnecessary manual work.

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