sputNick wrote:Credit card fraud - the 2nd biggest scam besides the US govt!
I'm not 100% sure on this but I think that the merchant gets their money no matter what- legit or fraudulent charge.
magyar1045 wrote:Not really - it's the merchants hurting. Say you lose your credit card and someone fraudulently uses it. You notice that transaction and dispute it with your cc company. The cc company wants to keep you happy so they reverse the charge and do a chargeback to the merchant. Bingo - the cc thief has the item he/she purchased, but the merchant is out that money because the cc company performed a chargeback.