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3D secure shifts the burden of proof. Without 3D secure, the merchant is charged back by the bank in the event of a fraudulent transaction. With 3D Secure, the
by user5994461 9y ago
3D secure shifts the burden of proof.
Without 3D secure, the merchant is charged back by the bank in the event of a fraudulent transaction. With 3D Secure, the bank takes the loss.
- zaroth 9y agoWow - no chargebacks? Do people buy crypto coins this way? This is a huge benefit to the merchant if it's true. There's no direct benefit to the customer, so you have to overcome that somehow.
- sitepodmatt 9y agoNot 100%. This removes chargebacks due to theft (or I didnt make that transaction) I believe, but people can still chargeback for many reasons - disputing quality of product/service being the biggest headache, product not being delivered (or supposedly) another..