Quote:
Originally posted by tony404
Visa could give pins to everybody on the net , they dont want to do that so they can make money on the charge backs. Its all a cash grab.
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you sir are disillusioned. visa does not make a cent in chargebacks. it costs the issuing bank $25 to do a chargeback, plus the labor of the employee taking care of the file, plus the paperwork. if the chargeback is resolved in favour of the cardholder, visa then loses the comission they would have made on the sale, plus any interests that may have possibly accrued on the account. they also lose customers if the chargeback process takes "too long"