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Prepayment fraud is somewhat prevelant, so most transactions are post paid or direct debit. Neither form has that problem. Even when fraud occurs, the recipien
by cedilla 4y ago
Prepayment fraud is somewhat prevelant, so most transactions are post paid or direct debit. Neither form has that problem.
Even when fraud occurs, the recipient is a known actual person. Know your costumer rules successfully prevent these kinds of scams to a sufficient degree.
Banks will also monitor transactions and will delay execution when there are signs of fraud. That's why so many scams rely on other methods of payment, especially gift cards, western union and... Crypto coins.
- scotty79 4y ago> Even when fraud occurs, the recipient is a known actual person. Not really. It's easy enough to set up fake identity that people who go and scam people on the internet usually do that. I mean crypto and gift cards are way worse than banks of course. I'm just saying that there's no expectation in Europe that most payments are reversible.