4 ms·
If you're using a stolen credit card, the cardholder will definitely issue a chargeback.
by willstrafach 9y ago
If you're using a stolen credit card, the cardholder will definitely issue a chargeback.
- CamperBob2 9y agoAnd then people wonder why PayPal is such a pain in the ass to do business with...
- jeltz 9y agoAnd this is why everyone should start requiring 3D Secure. On sites with 3D Secure support I need to use an app to authorize transactions, so if this was the norm online credit card fraud would be a much smaller problem.
- joshmn 9y ago3DS is mostly a joke for anyone who _really_ wants to use your credit card. I won't go into details publicly, but I will say that having an app to authorize transactions is a step-up from the good 'ol "enter your PIN"
- jeltz 9y agoIf all physical stores required chip and PIN and all online stores required 3D Secures then my credit card number, expiry date, and CVV would no longer be sensitive information meaning someone would need to either steal my physical credit card and my PIN or the secret key stored in my phone plus the PIN for the app. This means I would not need to worry about websites stealing my card info.
- joshmn 9y ago3DS doesn't process your card, it simply validates a transaction.
- willstrafach 9y agoIt would really be any payment processor. When a chargeback is filed with the credit card company, they claw back the cash from PayPal.