VISA-MC doesn't care (Score 1)

The biggest lie is that the credit card companies eat these losses. It is often the merchant who gets nailed. I lost 5 grand last year when I sold some equipment to someone with a stolen credit card. Chase Manhattan and Cardservice said: yes, it was a fraud and forgery, and we gave you an approval, but f@ck you anyway. The money was removed from my account, never to be seen again.