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Why does fraud matter to the banks anyway when merchants are the ones that eat the charges?
by nostromo 11y ago
Why does fraud matter to the banks anyway when merchants are the ones that eat the charges?
- the_mitsuhiko 11y agoBecause in some places the fees are set by legislation. For instance in the EU the fees are so low that credit card companies are forced to combat fraud or they lose money.
- Aeolos 11y ago> credit card companies are forced to combat fraud or they lose money. Sounds pretty reasonable.