Originally Posted by cetane
So the credit card companies are fucking the retailers over instead of using their insurance coverage...? ��
That infuriates me a whole lot actually......!
That is how it has always worked. For large retailers, it doesn't affect bottom line much. But as soon as someone "disputes" a charge, the power goes back to the person disputing. Visa, mastercard, Amex ect became large because they aren't in the business of giving out free money.
If a charge is disputed, somebody pays. Unfortunately small retailers are frequently hit hardest. People who commit CC fraud like this are scum.
On Topic, Ken what was scammed? Maybe people can keep there eyes open for a "too good to be true this fell off a truck" deal on the items.