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A comment on Coinbase Wants to Be Too Big to Fail. Parent comment

Re:Coinbase Wants to Be Too Big to Fail by CaptainZapp on Friday September 28, 2018 @01:48AM (#18091333)
You don't need to depend on Visa doing their (useless) fraud investigations anymore.

I can't say if their fraud investigation is useless or not.

In those (rare) cases were my card was charged fraudulently charges were reversed immediately and (except when they issued a new card) I never heard back.

From my perspective their fraud investigation is very effective.

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Re:Coinbase Wants to Be Too Big to Fail by sparkie on Friday September 28, 2018 @03:22AM (#18091599)
That was basically my point.

The fraud protection works from the consumer side. It is useless from the business side, where no amount of evidence will convince them that you took a payment legitimately.

Paypal are the same. They side with the buyer 99% of the time. No proper fraud investigation is even done.

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