3 ms·

How about we simply make credit card companies liable for all of these kinds of frauds? Not the merchant, not the consumer, not the marketplace--the credit car

by bsder 3y ago

How about we simply make credit card companies liable for all of these kinds of frauds? Not the merchant, not the consumer, not the marketplace--the credit card company. If we did that, suddenly all the banks, marketplaces, etc. would have all the nice security things we've been bitching about for years.

razakel 3y ago
They are, that's part of the point of having a credit card - you're spending the bank's money, not yours, and they have better lawyers.
- bayuah 3y ago
  Well, that is why I totally prefer debit card. Credit card basically you just borrowing money from bank for your (usually daily and small) purchases.
- TheCleric 3y ago
  Not in my experience. It appears that way to the CC user, but usually comes back to the merchant as a chargeback.
mcv 3y ago
Every time credit cards come up, everybody always tells me that this is their big advantage: that it's trivial to revert these two payments. So this fraud shouldn't work, and yet it does. How is that possible?
- toast0 3y ago
  Reversing the payment to Walmart doesn't reverse the shipment, and assuming they don't get arrested or harassed, and the triangle purchaser is none the wiser, so the fraudster gets apparently clean money from the triangle purchase.
  - mcv 3y ago
    Unless he's alerted, which is the case here. He could agree with the woman that they both reverse their payment.