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Re:How I Busted a Thief Who Tried to Sell My Camera on Craig... by 1337Coder on Sunday April 07, 2013 @04:13AM (#5506494)
Oh yes you are correct.

In this case the merchant only loses the cost to the vendor ($7,000). Good catch.

Re:How I Busted a Thief Who Tried to Sell My Camera on Craig... by dminor on Sunday April 07, 2013 @02:32PM (#5508088)
Typically there's also a fee imposed by the bank for having a chargeback.
Re:How I Busted a Thief Who Tried to Sell My Camera on Craig... by drusenko on Sunday April 07, 2013 @03:41PM (#5508391)
Standard is $25, but if you are a big merchant it could be lower.