Quote:
Originally Posted by vvvvv
Or just start hanging people who commit credit card fraud.
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Actual credit card fraud is a huge problem sure, but usually that happens overseas or the person to be "hanged" resides in a juristiction where the chances of them ever getting caught or help accountable in any way are slim to none.
At least as big and maybe bigger than credit card fraud is customers who take advantage of card association protections and file fraudulent disputes. For online merchants who deal in virtual goods this is huge, because we don't typically have any of the things required to consistently win a dispute like
1) customer's signature
2) card impression
3) tracking # showing proof of delivery