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Don't know where you are... but in the US, visa/mc/etc all protect their customers from fraud. In fact, in US law, consumers are not liable for more than $50 of
by rgbrenner 13y ago
Don't know where you are... but in the US, visa/mc/etc all protect their customers from fraud. In fact, in US law, consumers are not liable for more than $50 of a fraudulent charge on a credit card (and most banks reduce that to $0). So first, the consumer WILL get their money back because they have a contract that says they will in the case of fraud.
Your bank recoups that money from PayPal/indiegogos processor, and that processor will recoup the money from Indigogo, and indiegogo recoups it from the project. Whoever can't recover their money in that chain, is where it ends. That company is out of luck.
Saying, 'Oops.. we let one of our customers commit fraud, too bad for you'... isn't a permitted excuse.
And this applies to PayPal as well.. since consumers get their money into a PayPal account using a credit card or bank transfer. So PayPal is no different than any other processor in this case.