Re:Final – A credit card built for the 21st century
by smsm42 on Wednesday October 19, 2016 @02:24PM
(#12746307)
> On top of this, they often will not even provide a refund for content purchased by someone who has compromised your account.
That would be the CC company's job, not? IIRC, at least in US law, if you dispute a charge they can't make you pay for it and they can't also add interest to it. And in practice, no signature dispute is almost always decided for the consumer. That's why merchants are so drastic with compromised accounts - otherwise people would just buy stuff, use it and then claim fraud, and merchants would lose tons of money. They have to create disincentive to cheat.
Re:Final – A credit card built for the 21st century
by 0xffff2 on Wednesday October 19, 2016 @06:22PM
(#12748226)
"disputing a charge" is the chargeback mentioned by OP. Yes, you can dispute the charge, but only if you are willing to risk losing your account entirely.
That would be the CC company's job, not? IIRC, at least in US law, if you dispute a charge they can't make you pay for it and they can't also add interest to it. And in practice, no signature dispute is almost always decided for the consumer. That's why merchants are so drastic with compromised accounts - otherwise people would just buy stuff, use it and then claim fraud, and merchants would lose tons of money. They have to create disincentive to cheat.