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Originally Posted by rowan
You work in the adult industry, right?
When someone charges back it's the merchant that cops the fund reversal, along with an arbitrary chargeback fee as a further kick in the teeth.
I'm sure there are cases where banks lose money due to fraud, but certainly not when it's a CC purchase and the merchant is still processing with them!
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not true...check the new debit card regulations that just went into effect last year for retail merchants. credit cards do not have to accompany an ID when being used.this includes debit cards used as a credit card
when a debit card is stolen and used, the merchant is notified and asked to return the funds, this is OPTIONAL (i learned this just recently)...retail stores do not have to return funds, therefor if they don't the bank loses out on that money....this is for a debit card of course, and I should have said that to begin with....but with a debit card, the bank loses the money
ii should have said debit card, sorry