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Yeah. This scheme makes it seem easy to issue a chargeback though, gamblers can just tell their credit card co "I have no idea who FabricFactory.com is". I wond
by draw_down 9y ago
Yeah. This scheme makes it seem easy to issue a chargeback though, gamblers can just tell their credit card co "I have no idea who FabricFactory.com is". I wonder how/if they prevent gambling customers from doing that.
- dragonwriter 9y agoFrom the article, they told the reporter that they handled virtually all online gambling transactions; they might just accept a certain level of it and then blacklist the customer. (They might even let a customer suggesting that they might issue a chargeback know that that is the consequence.)
- ljf 9y agoIt is also very hard to withdraw money from illegal gambling sites. It can be done, but is often a slow drawn out process, to get you as close as possible to the date that you can't cancel. Also don't forget that these are dodgy people who have your home address... And know you've been breaking the law - likely with also some tax issues too on the winnings.
- willstrafach 9y agoI believe they usually have a 90-day waiting period for withdrawals if you load via credit card (instead of Western Union or BTC), helping them ensure the user does not perform a chargeback.
- willstrafach 9y agoSome of these websites would collect the national ID cards of users and post them on a "wall of shame" if the user does a chargeback.
- 55555 9y agoTrue. On another note often the bank is in on it and simply wants plausible deniability.
- 55555 9y agoYou are assuming that the bank isn't in on it. They often are, and simply need plausible deniability.