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ajaimk | 5 months ago

I'm probably missing something but I never got the Merchant being on the hook for the chargeback. It should be the Credit Card Processor's liability for fraudulent charges (unless the merchant is actually at fault). If a stolen card is used to make a purchase, why is the merchant on the hook for this?

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itsoktocry|5 months ago

>If a stolen card is used to make a purchase, why is the merchant on the hook for this?

Did they confirm the identity of the person matches the card?

If the merchant has no liability, if opens up a whole world of new fraud.