Comment Re:FINALLY... (Score 5, Interesting) 461
The credit card company is assuming the risk, not you. Since when did Master Card have the power to deputize you and turn you into a mini police detective? They set up a system, it's their responsibility to ensure that their business model works. For that they earn billions of dollars, and you don't.
While it would be nice if that was the case, it isn't. If someone walks out of my store with a $500 laptop computer paid for with a stolen credit card, I'm out the merchandise and the revenue when the actual card owner issues a chargeback. Think all I have to do is provide a signed charge slip to get my money back? Then you probably have never experienced the joys of attempting to do battle with a credit card company. Part of the reason that they earn billions of dollars and I don't is because they have entire departments dedicated to putting the burden of risk on the merchant and not the card issuer.