3 ms·

Maybe so (I have no idea), but the risk of fraud and chargebacks is not borne by the network. There are many other high risk industries they don't seem to have

• quesera 2y ago
  Visa sets merchant policy, and they do not allow high chargeback rates. The merchant bears the brunt of the economic loss, but chargebacks are a relatively expensive hassle for the network too, and ultimately they will drop merchants who cannot keep chargebacks low. Around 0.5% is considered reasonable. Anywhere in the 1% area for more than a few months will get a merchant dropped.