Quote:
Originally posted by pornguy
Lets take a step into reality. Visa, Mc, Amex, and any other CC name that you can think of do not do a thing unless they make money from it. If they did they would no longer be in business.
How many banks do you see that are not making cash sideways from your every transaction.?? One way or another they will make their money. To the point that how many times have you found transactions on your statment that you did not make, usually a small one and you call visa and it is removed with no question asked?? I have had it happen several times. I think that they are just pushing off charges.
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FYI, I work for Visa.
As stated above, there's only two ways that Visa makes money from a customer.
I'm not too sure what you meant by your first paragraph, so please explain.
As for your second paragraph, re-read my post and you'll get your answer.
"Chargebacks cost an average of $25 to each bank involved in the dispute (the credit card issuer and the merchant's acquirer). [...] Also, the majority of banks will write-off charges less than $15-$25, which comes from their pocket.