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They are doing this. Also, there are fees from credit card fraud as well to factor in.
by chrischen 8y ago
They are doing this. Also, there are fees from credit card fraud as well to factor in.
- Wowfunhappy 8y agoI was under the impression that was factored into the 2–3%. Not true?
- chrischen 8y agoMerchants are usually liable for fraud losses (both the loss in good or services + a fee imposed by the bank for the privilege...). This is on top of the transaction costs. Those transaction costs do not cover fraud liability or losses.