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It is amazing to me how credit card companies allow these scams to exist. If somebody does charges people without their consent, they are bound to get a lot of
by hristov 17y ago
It is amazing to me how credit card companies allow these scams to exist. If somebody does charges people without their consent, they are bound to get a lot of chargebacks and this is just a headache for the cc companies. Also, it is not in the credit card companies interest to allow the credit cards to be conduits for scams.
My parents used to have a business and even though it was a completely legitimate business they were constantly scared of chargebacks. They knew that even a small percentage of chargebacks can cause them trouble with the CC companies and offerred their customers money back whenever possible to avoid chargebacks. And again this was an honest business selling real tangible things to people that knew they were buying those things, not some online scam.
But now you see some companies use credit card billing for nothing but scams and somehow they are allowed to keep their merchant accounts.