Chinese credit card and Alipay transactions are irreversible, though Alibaba buyers can opt to use the Aliexpress escrow service. I think the U.S. will eventual

Chinese credit card and Alipay transactions are irreversible, though Alibaba buyers can opt to use the Aliexpress escrow service. I think the U.S. will eventually need to stop babying the consumer. To some extent this is already happening, with banks refusing to be liable for small and medium business losses from online banking trojans. Obviously the bank can't be liable if a business loses money due to embezzlement, and its a thin line since a banking trojan would be perfect cover for an insider embezzlement scheme. Its pretty clear that Paypal's data mining for fraud detection, which used to be considered cutting-edge and allowed them to dominate the market, now has an extremely high false positive rate that only gives too many honest merchants a reason to leave.