3 ms·

You are correct, Credit Card users are not liable for legitimate fraud. About half of the credit card fees charged to merchants is to cover fraud.

• mcv 12y ago
  When is fraud "legitimate"? Legitimate fraud sounds a lot like a contradiction.
  • loumf 12y ago
    "legitimate" as in "actual fraud", as opposed to "fraudulent fraud" (e.g. reporting your card stolen after a big purchase and then claiming the charge was not yours)