I've had my card fraudulently used and I've also been on the merchant side of fraudulent transactions. On the consumer side, I had to waste time ringing the ba

I've had my card fraudulently used and I've also been on the merchant side of fraudulent transactions. On the consumer side, I had to waste time ringing the bank, going through the chargeback process, getting a new card, not be able to use the card for a little while, etc. On the merchant side, you waste time fighting the chargeback, and then if the chargeback goes through, you lose both the money and the goods. So when you say there are no consequences for victims, it doesn't make sense to me... Could you elaborate?