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A comment on Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment. Parent comment

Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by Xirdus on Wednesday May 20, 2026 @04:29PM (#48213658)
Are they, though? Does the end customer get more post-transaction protections when not using 3D Secure? That doesn't sound right. I'd think the merchant is on the hook exactly as much either way.
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Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by swiftcoder on Thursday May 21, 2026 @02:09AM (#48218554)
> Does the end customer get more post-transaction protections when not using 3D Secure?

That's not quite how it works. The merchant gets less protections, because they are opting to allow potentially fraudulent transactions.

The difference is whether Visa eats the cost of dealing with the fraudulent transaction

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