Quote:
Originally posted by psyko514
Even at it's peak, I don't think online porn fraud would account for 90% of credit card fraud. That is, unless we're talking solely about online fraud, and about the amount of fraud cases as opposed to an actual dollar amount.
|
Yes, not dollar amounts. Non Signature transactions.
But since you work there, one thing I do not undertand is...
Visa Takes the money from the fraudulent charge back out of my merchant back account.
Then they charge me a charge back fee..
It seems to me they MADE money from a chargeback/Fraud
more so in the case of chargebacks.. I could see where fraud they would have to eat the charges