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Chargebacks and fraud are an absolutely monumental problem for most internet merchants. Especially high risk stuff like gambling and porn. Each chargeback cost
by shiftpgdn 14y ago
Chargebacks and fraud are an absolutely monumental problem for most internet merchants. Especially high risk stuff like gambling and porn.
Each chargeback costs the merchant about $30 and then after so many chargebacks your credit card billing rates change. Too many chargebacks and you lose your ability to take credit cards all together.
- Nursie 14y agoBut without them a lot of folks wouldn't use internet services at all, because of the very real danger of abusive sales practices.