credit card chargebacks / frauds
has anyone found a way to protect themselves from credit card chargebacks ?
Many of my friends and clients have been literally robbed by credit card users that do chargebacks after they receive what they paid for.
While the credit card ompanies continue to enable thieves to rob the internet merchants.
I have a hard time understanding what we are paying the credit card companies for when they do not provide any protection for merchants to use their services and instead enable theft to hardworking merchants and business owners.
Anyone having success around here with alternatives?
Re: credit card chargebacks / frauds
Re: credit card chargebacks / frauds
Well in general there is no way. The merchant (cam site or independent cam girl) will provid the servic and the guy can claim to bank he did not received service and ask money back and the bank simply does it.
Take a look:
-------------
http://en.wikipedia.org/wiki/Friendly_fraud
Friendly fraud, also known as friendly fraud chargeback, is a credit card industry term used to describe a consumer who makes an Internet purchase with his/her own credit card and then issues a chargeback through his/her card provider after receiving the goods or services. When a chargeback occurs, the merchant will always be responsible, regardless of what they did to verify the transaction. The challenge with friendly fraud is that there is no way to verify the authenticity of the transaction, which is in fact legitimate, because the consumer is the one that is not legitimate-------------
Plus, there is the stolen credit cards issue, the hackers, let's say it is a 70% hackers and 30% friendly frauds, but the friendly frauds can be BIG of few thousands $ at times.
As a cam site (chatgf) all what I do is to cover myself up to $250 per model per 15 days pay period. This cover 95% of chargebacks (and it is painful for the site, but in my case sustainable), still I get time to time those "regular user" or a model who then chargeback $1000 or $2000 at once (maybe after spend for one month every day!), and this I have to hold from such model or I simply lose the $1000+ all myself.
Most sites simply pass all the chargebacks to models, others claim there no chargebacks but believe me they can't support the big $1000+ ones and I know some time they even kicked the model as they fear she orchestrated this in agreement with some hacker - so the girl not even do show she keep private going and barely chat with ther guy as they let the time go on - this happens for real I had one girl at least doing it :)