Quote:
Originally posted by psyko514
dude... there's no grounds for a lawsuit.
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In America at least you can sue anyone for anything. A class action lawsuit against VISA you could probably get an attorney to start it up for free since there's such huge money in it, as long as you had a decent case.
In my opinion there could be grounds to sue over the 'high risk' classification and the 0 liability policies allowing customers to charge back (enabling consumer fraud) so negligently. Figures from VISA themselves estimate $7 in every $100 online is fraud. They're admitting the overall numbers are 7% yet they expect merchants to stay below 1% while they encourage their customers to dispute if they don't recognize the charge? And setting up their OWN policies to essentially make contesting a downloadable transaction impossible?
Enabling fraud, imposing fines and unrealistic policies on their merchants, sure there's grounds for a lawsuit.
C.