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For large transactions this is somewhat solved by escrow companies. In the end it all has to come down to trust. If all transactions were easy to reverse, we w
by twblalock 4y ago
For large transactions this is somewhat solved by escrow companies.
In the end it all has to come down to trust. If all transactions were easy to reverse, we would see the opposite problem: scammers who pay people money and the. demand it back, claiming fraud.
- asdfasgasdgasdg 4y agoYep. Happens in the credit card world all the time. Porn is a good example of a business that has a lot of trouble functioning due to fraudulent chargebacks.
- twblalock 4y agoThat is in fact the real reason some credit card companies won't let you pay for porn. Amex was preventing it for years before it was a PR/wokeness issue. The scenario is, someone pays for porn, their spouse sees it on the bill and gets really angry, and the other person says it wasn't me, it must have been fraud! So they file a chargeback.