> about a percent goes to the store's bank to cover the case when they have to give the money back (either because it was a fraudulent online transaction, or th

> about a percent goes to the store's bank to cover the case when they have to give the money back (either because it was a fraudulent online transaction, or the store cheated the customer and the customer went to their card issuer, etc.) Is this right? It's been my experience (in Canada) that losing a fraud case or chargeback the store takes the hit.