Re:Silk Road 2 Hacked, All Bitcoins Stolen
by dangrossman on Thursday February 13, 2014 @04:30PM
(#7234522)
> No because if there are bad charges on my card the bank absorbs them
The transaction is reversed and the money comes back from the merchant it was sent to, your bank doesn't absorb any loss. The only victims of credit card fraud are the stores, not the consumers, not the banks, and not the unauthorized user of the card. Nobody who should have actual liability is actually punished in any way, just innocent retailers, for the most part.
The transaction is reversed and the money comes back from the merchant it was sent to, your bank doesn't absorb any loss. The only victims of credit card fraud are the stores, not the consumers, not the banks, and not the unauthorized user of the card. Nobody who should have actual liability is actually punished in any way, just innocent retailers, for the most part.