Quote:
Originally posted by XYCash
A recent Gartner study stated that e-tailers typically incur online chargeback rates of 2.64%, with fraudulent or stolen credit cards accounting for 1.13% of this total
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In otherwords, Visa wants high risk accounts to say under a 1% chargeback ratio but over 1.13% of the transactions their member banks approve are fraudulent?
<sarcasm>Anyone up for a class action suit against Visa for defrauding webmasters? They're authorizing sales that they should know are fraudulent. Their negligence is costing us money and tarnishing our reputation.</sarcasm>
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