4 ms·
When losses are socialized, fraud is someone else's problem.
by psychlops 4y ago
When losses are socialized, fraud is someone else's problem.
- lotsofpulp 4y agoYes, which is a big reason to use credit cards.
- maest 4y agoYou're still paying for the cost of fraud, so it's not really someone else's problem.
- lotsofpulp 4y agoIf I do not have a choice to pay a lower price without fraud protection, then it makes no difference. If the merchant charges extra for credit card purchases, then it becomes something to consider.
- psychlops 4y agoIn the netherlands, you can use iDEAL for a lower price.
- rchaud 4y agoUntil annual card-related expenses reach the equivalent of paying someone to personally guard your money, it's immaterial.