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They basically guarantee the funds to the merchant and reduce the likelihood that the cash won’t be there. The other side of the coin is providing insurance ag
by sjg007 6y ago
They basically guarantee the funds to the merchant and reduce the likelihood that the cash won’t be there. The other side of the coin is providing insurance against fraudulent charges. This only really matters where physical goods are exchanged.
- sjtgraham 6y agoNo they don’t guarantee any funds whatsoever, nor do they provide insurance against fraudulent charges.