How Much Does Fraud Cost Credit Card Companies

Get credit card fraud help: For victims of credit card fraud and identity theft, and those that can help.
12 posts
User avatar
fffresh
Centurion Member
Centurion Member
 
Posts: 416
Joined: Sat Apr 26, 2008 9:12 pm
Location: the edge of the world

Postby fffresh » Mon Dec 22, 2008 8:52 pm

KC95 wrote:what about debit cards? if they are losing that much then how is it that debit cards exist and the fees the sellers pay on them are so low.

obviously someone is making a killing on the fee and i think their first name is master and their last name is card.

;)


This is because debit cards do not carry the same degree of fraud protection. In fact debit card fraud where the criminal uses the pin number has very little protection for the actual cardholder, who essentially is at the mercy of the bank as whether or not the charges will be reimbursed.


Lumber Joe
 

Postby Lumber Joe » Mon Mar 30, 2009 1:34 pm

Floppster wrote:Lets face it, it is not the Bank which gets screwed at the end. It is the merchant.


It is not even the cardholder that is careless and loses the card



Return to “Credit Card Fraud”

Who is online

Users browsing this forum: No registered users and 2 guests