Re:TechShop shuts down all U.S. locations, declares bankruptcy
by chimeracoder on Friday November 17, 2017 @06:44AM
(#15721202)
> Credit card companies retrieve disputed funds from merchants. If the merchant is under bankruptcy, I would guess the assets are inaccessible.
The cardholder still gets their money back. In bankruptcy situations, the entity that generally ends up eating the loss is one who processes the payments, not the merchant who sold them.
The cardholder still gets their money back. In bankruptcy situations, the entity that generally ends up eating the loss is one who processes the payments, not the merchant who sold them.