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A comment on Why was a scam company able to raise $76 Million Series B?.

Re:Why was a scam company able to raise $76 Million Series B? by serkanh on Sunday September 30, 2012 @11:54AM (#4593142)
I really don't understand how companies are able to do this, based on how stringent credit card processors are when it comes to chargebacks. With this type of misleading selling tactics i would expect JustFab to have chargebacks well above acceptable standarts of CC processors.
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Re:Why was a scam company able to raise $76 Million Series B? by jdh on Sunday September 30, 2012 @05:48PM (#4594316)
Right. Let's consider the possible hypothesis that the customers like the service and know what they're getting into, and thus chargebacks aren't above average (which is the actual case with this company.)

Chargebacks don't lie, not at this scale. If customers were being scammed, they wouldn't be able to process cards.

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