>Chargeback fraud for both the consumer and the merchant is good as well? Is that why when the payment processor encounters tons of friendly fraud in a merchant

>Chargeback fraud for both the consumer and the merchant is good as well? Is that why when the payment processor encounters tons of friendly fraud in a merchants account they lock up your account and you're unable to accept payments anymore, effectively killing your business. >The bank doesn't even know if the chargeback is fraudlent or not and will take the money from you regardless of you wasting time countering the disputes to prove that it is fraudlent. Thus, it hurts both the merchant and the consumer and that system can be abused. Merely because the US system of handling chargebacks is dogshit and your companies have taken to making processes so unpractical that chargebacks are common practice. European banks perform 2FA checks for online purchases, and chargebacks are harder to execute, while still doable. But sure, throw the baby with the bathwater, the bath, the house and the city's water system because you forgot to decrement a counter in a shitty contract.