Yeah, this is mostly a fiction, much like the idea that if someone steals from you, your tax dollars fund the police, and you can call them and they'll do anyth

Yeah, this is mostly a fiction, much like the idea that if someone steals from you, your tax dollars fund the police, and you can call them and they'll do anything meaningful. It's a belief held by people who don't actually try to use these systems. Major credit card companies aren't in the business of consumer protection. Many times I've tried to do chargebacks, only to be denied by the card issuer with some unsubstantiated claim by the vendor that they held up their end of the transaction. No recourse short of spending four or five figures on a lawyer and a lawsuit. As a result, if they cheat you out of less than $5k, they win.