4 ms·
Fortunately the anti-fraud solutions out there are pretty effective, which helps control the damage a stolen card can do. In my experience, not reliably. For e
by jarrett 14y ago
Fortunately the anti-fraud solutions out there are pretty effective, which helps control the damage a stolen card can do.
In my experience, not reliably. For example, I've known people who gave their credit card info to a seemingly legit company, which then proceeded to make monthly debits without authorization, and this went on indefinitely. The credit card company was unwilling to intervene, and said it had to be worked out with the merchant.
That may sound surprising to you, because you're aware of chargebacks and other checks and balances. However, for some reason or another, none of that helped the victims in these cases. It's little consolation to them to say that "in theory, there are mechanisms in place to prevent this kind of abuse."