Quote:
Originally Posted by SwirlsGirl
I am fed up with the rampant pervasive wanton ignorance and bull shit press releaze script about blocking whole countries of millions of people because they may have 1 or 2 people who have engaged in credit card fraud...
go visit rip off report complaints board,better business bureau etc.... if you want to know who has a horrible reputation for fraud
But you and me are told we need 1000's of dollars of transactions blocked for our protections to save ourselves from 1 or 2 29.95 charge backs...
yeah block $1000.00 in attempted sales because you may get $70.00 in chargebacks
Very intelligent, very logical, very helpful ....
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The threshold for Visa and Mastercard is 1% for chargebacks, so it behoves them to block $1000 in attempted sales if they believe chargebacks might total more than $10.
It's actually 1% of transactions, not dollar amount but you get the idea.