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One thought I want to add on unreported friendly fraud:
I can only speculate how many times there is unauthorized use of a credit card that is settled internally within the family or between friends.
The charge gets paid to the cardholder by the unauthorized person using the card.
Read: the kid pays his mom or dad back and swears he will never do that again. Maybe, his parent threatens to report it to the police or some silly shit (it's a civil tort:0P).
So, you have a one time sales maybe ... More likely, the parent contacts the merchant or the processor's contact toll-free number ... We prefer that the customer contact us we have global toll free service. We may only refund the amount that is exclusive of our ''hard'' loses -- the model share. We and the affiliate eat the rest. Less than $100 is just not worth all the trouble and jeopardizing our long-term business and financial relationships.
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