Comments on: Merchant Account Providers Want Chargebacks? http://www.merchant-account-services.org/blog/merchant-account-providers-want-chargebacks/ Mon, 30 Jan 2012 15:01:59 +0000 hourly 1 http://wordpress.org/?v=3.3 By: jestep http://www.merchant-account-services.org/blog/merchant-account-providers-want-chargebacks/comment-page-1/#comment-3 jestep Tue, 13 Jun 2006 22:25:06 +0000 http://www.merchant-account-services.org/blog/merchant-account-providers-want-chargebacks/#comment-3 From the mensioned blog: "Its up to Visa, Mastercard, Discover, and American Express to put pressure on payment gateways and credit card processors to get their act together and to stop placing all burden on the merchant and to stop raping the merchant with fees." I have to agree that this guy has got it completely wrong. Visa and MasterCard's policy of consumer protection is what places the burden on merchants, not the credit card processor. Apart from that, what would a credit card processor do anyway. They aren't going to pay the merchant back for money that was processed fraudulently through the merchant's merchant account. Whether the system is wrong or not is irrelevant. The merchant is still responsible for the money that goes through their merchant account. From the mensioned blog: “Its up to Visa, Mastercard, Discover, and American Express to put pressure on payment gateways and credit card processors to get their act together and to stop placing all burden on the merchant and to stop raping the merchant with fees.”

I have to agree that this guy has got it completely wrong. Visa and MasterCard’s policy of consumer protection is what places the burden on merchants, not the credit card processor. Apart from that, what would a credit card processor do anyway. They aren’t going to pay the merchant back for money that was processed fraudulently through the merchant’s merchant account. Whether the system is wrong or not is irrelevant. The merchant is still responsible for the money that goes through their merchant account.

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