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I've NEVER been able to understand why Visa/MC are so willing to let their customers "charge back" without any questions at all. Essentially they are saying "No valid purhcases have ever been made over the Internet".
The reason is simple, a few years ago VISA and MC were clearly concerned that people were not buying into online commerce . They both ran huge ad campaigns assuring their cardholders that online transactions are safe. With that in mind, it's pretty clear they would much rather turn a blind eye to a thousand scumbags who are charging back legitimate online transactions than have one truly fraudulant transaction go through.
In a sense, they used the online adult world as the testing ground, to get people used to charging online. I've never seen any stats on this, but I'd be willing to bet the first thing a lot of people bought over the 'net was an adult site.
I was in a bar in NYC a few months ago, and this asshole standing a few feet away was "bragging" to some girl he was with that he had six credit cards and bought all sorts of things over the 'net and never paid for any of them. Just rotated the cards and then charged back. My girlfriend was with me and she wanted to kill the jerk
This is a great thread and I certainly appreciate knowing someone somewhere is trying to do something about it!
Brutal
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