Uhhh, it depends on the business? I know there are some businesses which suffer high chargeback rates (pay2cheat SaaS), and most of the chargebacks were happeni

Uhhh, it depends on the business? I know there are some businesses which suffer high chargeback rates (pay2cheat SaaS), and most of the chargebacks were happening by customers who said that their card has been stolen (as the merchant could easily disprove any other lie). The usual customer cycle was: buy the cheat, get banned in the game due to suspicious stats, reports or whatever, be mad about it, and then they would turn to their bank and say that their card was stolen -> chargeback. Eventually, they started forcing 3DS (which shifts liability from you to the card issuer, and apparently card issuers don’t like paying!). Revenue didn’t decline, but fraud rates did go indeed to zero.