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The problem is chargeback fraud has become rampant since COVID, at least from friends stories in the payments and retail spaces. The word got out you can just
by phil21 3y ago
The problem is chargeback fraud has become rampant since COVID, at least from friends stories in the payments and retail spaces.
The word got out you can just call your bank and they will back you very few questions asked. This was abused by many, and now it's no longer a sure thing. Anything outside of outright fraud is very much a coin flip likely depending on how profitable you are to the issuing bank.
- oooyay 3y agoI'm sympathetic having worked in anti-fraud adjacent fields before, but this extreme pendulum swing - if that's what this indeed is - is at least inappropriate and at worst nefarious. All of my transactions go through this card; they owe me to represent me well when I'm a customer like that. When they fail to, someone needs to deliver some ire with sticking power. Same way that there's ire that can be felt by a consumer facing charges of fraud.
- xethos 3y ago> they owe me to represent me well when I'm a customer like that Perhaps I'm over-tired and missing your rationale, but: Why? Why do you think they're going to do that? Because the corporation will feel bad? Because you'll go elsewhere (like a different bank that issues cards that are either Mastercard or Visa on the backend)? Because "it's just as secure as debit, but they give me a free 30-day loan every month"? Have you ever tried to get money back from an authorized transaction through your bank where goods weren't satisfactory? They don't have your back at all - why the hell do you expect Mastercard to?
- oooyay 3y agoI use a credit card as a proxy against my bank account. That is the only reason I use it, because debit cards make it hard to appeal fraudulent transactions. If that capability is no longer there then my credit card is absolutely useless.