Chargebacks and fraud are an absolutely monumental problem for most internet merchants. Especially high risk stuff like gambling and porn.
Each chargeback costs the merchant about $30 and then after so many chargebacks your credit card billing rates change. Too many chargebacks and you lose your ability to take credit cards all together.
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Chargebacks and fraud are an absolutely monumental problem for most internet merchants. Especially high risk stuff like gambling and porn.
Each chargeback costs the merchant about $30 and then after so many chargebacks your credit card billing rates change. Too many chargebacks and you lose your ability to take credit cards all together.
But without them a lot of folks wouldn't use internet services at all, because of the very real danger of abusive sales practices.