4 ms·
We at Ravelin (https://www.ravelin.com https://www.ravelin.com) are building solutions to stop this. Still surprises me how many people think banks/schemes are
by sjwhitworth 11y ago
We at Ravelin (https://www.ravelin.com https://www.ravelin.com) are building solutions to stop this. Still surprises me how many people think banks/schemes are responsible for CC fraud, when it's actually the merchant that gets punished. And yeah, fraudsters operate like locusts.
- jbombadil 11y agoI don't understand why does the merchant have to pay the 15 fee. It sounds to me the entity that should handle the loss of fraud is the bank.
- sjwhitworth 11y agoBlame the lack of competition in the international payments system I guess.