Aren't you insured against that? I know that we are in Quebec. That's why I love my credit card so much. It's not my cash, I don't care what happen to it. If it's stolen, I have literally nothing to pay. It's true physically, through a contactless payment or a transaction on the web.
I like your idea of button though, it wouldn't be too intrusive and it would limit some case.
"legitimate" as in "actual fraud", as opposed to "fraudulent fraud" (e.g. reporting your card stolen after a big purchase and then claiming the charge was not yours)
Comments
Aren't you insured against that? I know that we are in Quebec. That's why I love my credit card so much. It's not my cash, I don't care what happen to it. If it's stolen, I have literally nothing to pay. It's true physically, through a contactless payment or a transaction on the web.
I like your idea of button though, it wouldn't be too intrusive and it would limit some case.
You are correct, Credit Card users are not liable for legitimate fraud. About half of the credit card fees charged to merchants is to cover fraud.
When is fraud "legitimate"? Legitimate fraud sounds a lot like a contradiction.
"legitimate" as in "actual fraud", as opposed to "fraudulent fraud" (e.g. reporting your card stolen after a big purchase and then claiming the charge was not yours)