3 ms·
Credit cards are still alive and well and are primarily used for consumable/depreciating products.
by bequanna 2y ago
Credit cards are still alive and well and are primarily used for consumable/depreciating products.
- nicce 2y agoThey can usually sell the debt for companies, which are very good at collection debts. One reason to not do chargeback unless absolutely sure that it is valid.
- lxgr 2y agoNot sure I see the relation between chargebacks and issuers selling off bad debt: Chargebacks are either paid for by the acquiring merchant or the issuer; in both cases (if accepted by the issuer), they extinguish the cardholder's debt to the issuer.