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Originally Posted by NewOldPlayer
Really? What is the "cost" ??? Can you explain it? Do you even know what you are talking about??
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Yes I do, I deal with merchant acquirers every day of the week.
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IF there is a charge back, the banks clean up. Banks don't take a loss on anything. They make money on charge backs out of your pocket.
So explain the "risk" ? You can't, because there is NO risk. The card charge goes thru at the time of purchase, or it does not. IF the buyer gets a charge back, the webmaster pays the fees.
So where is the Risk??
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The risk comes in many forms, one is the risk of fraudulent transactions. You may not know this but there are forums dedicated to the buying and selling of stolen credit cards. When a transaction is placed using a stolen credit card the banks wear the loss. The owner of the credit card is not ultimately liable, the transaction is reversed but there is still a cost to that transaction.
It costs a tremendous amount of money to run the networks operated by the two major card associations, higher risk transactions place greater pressure on everyone from the banks, the acquirers, the merchant account holders and ultimately this is borne by the consumer.