Re:Visa card network crashes, causing increased decline rate...
by chipperyman573 on Friday June 01, 2018 @02:54PM
(#17208758)
In the end it's the (usually) poor people who bought more than they could afford (either because they needed food or because they couldn't control their impulse buys) and are stuck paying interest on things they bought years ago
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Re:Visa card network crashes, causing increased decline rate...
by DaiPlusPlus on Friday June 01, 2018 @03:29PM
(#17209125)
Credit card interest payments go to the bank. Visa/MasterCard don’t get any of that.
Re:Visa card network crashes, causing increased decline rate...
by expiredtofu on Friday June 01, 2018 @07:12PM
(#17211325)
I thought the bank was the one that provided the fraud protection, customer service, etc.
Re:Visa card network crashes, causing increased decline rate...
by willstrafach on Saturday June 02, 2018 @01:15PM
(#17215423)
Fraud protection is not really “provided” by anyone, it is simply a reversal of the charge, leaving the affected merchant holding the bag.