Because fraudulent use of cards is charged back to the merchant, the card companies are less exposed to it than you might imagine.
Where they are exposed is if a merchant goes bankrupt without delivering, and the purchase was on credit card. The merchant account holder would then be liable
Because fraudulent use of cards is charged back to the merchant, the card companies are less exposed to it than you might imagine.
Where they are exposed is if a merchant goes bankrupt without delivering, and the purchase was on credit card. The merchant account holder would then be liable