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So the argument from the bank here involves 1) customers defaulting on loans and 2) disputes + chargebacks Question, I might default on my purchase of diapers
by anoncoward111 8y ago
So the argument from the bank here involves 1) customers defaulting on loans and 2) disputes + chargebacks
Question, I might default on my purchase of diapers for my baby. Someone might also fraudulently purchase diapers for their baby using my credit card.
Should these purchases be banned by cc companies as well?
- s73v3r_ 8y agoNo, because it doesn't happen in nearly the same rates.
- anoncoward111 8y agoOk, so what you're saying then is that a bank should be allowed to discriminate based on our purchases, and that if we don't like it, either use debit or cash, which come with some flaws/inconveniences. How about instead of allowing to discriminate based on purchases, they just accept slightly smaller margins?