Re:E-commerce will evolve next month as Amazon loses the 1-C...
by benmowa on Friday August 18, 2017 @11:41AM
(#15047142)
"if there's any fraud the merchant eats all of it!"
- not 100% true- see "fraud Liability Shift topics" Your card Issuer gets it if it's an EMV (ie chip was dipped) card-present transaction, merchant gets the liability if it was online or over the phone-Exception being if 3DS is used. Fraud is ultimately payed for either by your bank or by the merchant.
- not 100% true- see "fraud Liability Shift topics" Your card Issuer gets it if it's an EMV (ie chip was dipped) card-present transaction, merchant gets the liability if it was online or over the phone-Exception being if 3DS is used. Fraud is ultimately payed for either by your bank or by the merchant.