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>> Visa requires that merchants ship a product prior to charging any Visa debit card This is very new to me. This source here: http://usa.visa.com/download/me
by martin-adams 13y ago
>> Visa requires that merchants ship a product prior to charging any Visa debit card
This is very new to me. This source here:
http://usa.visa.com/download/merchants/card-acceptance-guidelines-for-visa-merchants.pdf http://usa.visa.com/download/merchants/card-acceptance-guide...
States:
>> You should not bill the customer until merchandise has been shipped
That is a best practice, not a requirement.
- dnm 13y agoThat's an interesting document. One would think that Coin would be used in "Card Present Transactions," however, none of the security features of a real card can be verified using a Coin, since they don't exist. Why would a merchant accept Coin?
- danudey 13y agoThis is an excellent point. You could make a series of purchases with your Coin set to your credit card, use an obviously fake signature, then dispute them all. The merchant can't claim that they checked the signature because they obviously don't match, so any merchant that lets you use your card has little recourse in the case of chargebacks.
- gergles 13y agoLook on page 13: >> Transactions cannot be deposited until goods or services have been shipped.
- martin-adams 13y agoVery good find. Thank you.