Who pays for a chargeback?

[Deleted member 4644]

My friend has a small business and is worried that a transaction might be disputed. Will he be forced to pay back to credit card company if it turns out the card was in fact stolen?

 

[DaWhim]

merchants will pay.

 

[Shawn]

Originally posted by: LordSegan
My friend has a small business and is worried that a transaction might be disputed. Will he be forced to pay back to credit card company if it turns out the card was in fact stolen?

i think so.

 

[ponyo]

yes

 

[BigJ]

Merchants pay.

 

[SuperSix]

Originally posted by: Naustica
yes

Yes..Even if he has what he thinks is indisputable proof, they will almost ALWAYS side with the cardholder.