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Right, but if someone buys say a shirt with your stolen card, it isn’t the store that picks up the bill. It’s the credit card company.
by 46756e 5y ago
Right, but if someone buys say a shirt with your stolen card, it isn’t the store that picks up the bill. It’s the credit card company.
- cortesoft 5y agoIt depends on the merchant agreement, but merchants are often liable for the fraudulent charge, especially for online sales.
- hexedpackets 5y agoSometimes the merchant does pay for a fraudulent transaction, and sometimes the issuing bank does. The credit card networks never pay. It depends on several factors including whether the card was physically present and whether it was swiped or used a chip.
- poxrud 5y agoIf you’re using Stripe or PayPal then yes it is the store owner who would be “picking up the bill”.
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- Kranar 5y agoThis is just untrue though, my company has to eat the cost of fraudulent transactions and the burden is squarely on us to prevent it.