Quote:
Originally Posted by xQx
There is a pretty foolproof method for protecting yourself as a merchant
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I would have thought that the best way to protect yourself as a merchant is to exactly follow the agreement with their processor. If the merchant does everything properly yet a transaction still gets reported as fraud, the agreement says they're not liable, right?
(Of course, I suppose a processor could give the finger to a merchant and not abide by the agreement, and the merchant if small enough wouldn't really have an recourse via lawsuit, but that's still fraud and I'd imagine word would get out about that processor doing that... Then again, lots of people still use PayPal despite the numerous stories of PayPal screwing people over.)