It's nice that the credit card companies charge me ~$100k / year for payment processing "to cover their losses in case of fraud" but then every. single. dispute. is resolved in the cardholder's favor. Every one. I've never won a single dispute. Signed receipt, tracking number, doesn't matter.
Damn.
This obviously isn't Australia. I've had several big disputes over the years from several institutions and every one of them was resolved in my favour.
What evidence did you submit?
How's about capital one raising my interest 10% back in 2008 to cover lost payments from OTHER individuals.
I don't know how you can constantly lose - you literally have to be present in your establishments to use a card. People definitely lie with these though.
This was an online order. But I’ve never won an in-person one either. People lie, people forget, and stolen cards are used in person.
Yeah, that’s fair. I stopped taking credit cards unless asked because of the fees and potential for chargebacks. Oddly enough, the only one I’ve had so far is when a client entered their account wrong for ACH.
This is a common conversation topic between me and Steven (despite us having very different business models). I probably think about it too much but I also have never won a dispute.
I think it’s set up so that we most always lose, sadly
It’s so different in Canada. We just call make the fraud complaint and it’s taken care of immediately. Our banking and credit systems are vastly different. I wish yours wasn’t actually predatory. Helps no one
Sounds like it’s the same in Canada.