Re:Goodbye Visa and Mastercard: 130M Europeans switching to ...
by kccqzy on Wednesday May 20, 2026 @10:31AM
(#48208521)
In America all payments are trivial to chargeback anyways.
We ought to have liability shifting. A long time ago there was a liability shift where if a merchant uses the magnetic stripe on a card equipped with a chip, then the merchant is unconditionally liable in case of a chargeback. We just needed merchants to be liable when the bank supported 3DSecure but the merchant chose not to use it.
We ought to have liability shifting. A long time ago there was a liability shift where if a merchant uses the magnetic stripe on a card equipped with a chip, then the merchant is unconditionally liable in case of a chargeback. We just needed merchants to be liable when the bank supported 3DSecure but the merchant chose not to use it.