this post was submitted on 28 Nov 2023
1152 points (95.5% liked)

memes

10294 readers
1749 users here now

Community rules

1. Be civilNo trolling, bigotry or other insulting / annoying behaviour

2. No politicsThis is non-politics community. For political memes please go to [email protected]

3. No recent repostsCheck for reposts when posting a meme, you can only repost after 1 month

4. No botsNo bots without the express approval of the mods or the admins

5. No Spam/AdsNo advertisements or spam. This is an instance rule and the only way to live.

Sister communities

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
1152
Japan is living in the future that the 1990s dreamed of. (startrek.website)
submitted 11 months ago by [email protected] to c/[email protected]
446 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 0 points 11 months ago

The credit companies do not insure against fraud, they simply take the money out of the merchant account and put it back into yours. Now it's the merchant who has no recourse, if they have already shipped the product. So the only difference between CC and crypto is who is typically left holding an empty bag in case of theft - the payer or the payee. Certainly not the banks!

I'd argue in terms of assigning responsibility, it seems more fair to expect you the customer to keep your digital wallet secure from thieves, than to expect the merchant to try guess every time whether the visitor to their online store happens to be using a stolen credit card.