[eridius]

You're quoting an online retailer there, not a brick and mortar retailer, so you're already off to a bad start. Furthermore, what he says only applies to the "card-not-there" scenario, i.e. online retailers accepting credit card payments without the physical card. But brick and mortar retailers do in fact have the physical card. Assuming the brick and mortar retailer complied with the rules of their credit card processing agreement, in the card-present scenario, the retailer is not liable for the fraud, although I believe they may be charged a fee.

Bottom line: you're blindly trusting the word of the operator of a sketchy online retailer and claiming that what he says applies to brick-and-mortar stores when it doesn't.