Chase Bank Chase Credit Card Processing credit card, charge back, fraud, public deception Nationwide

Merchants are protected when they obtain an authorization number and a matching signature. You want to whine, stomp your feet and cry about deception after you chose to do business outside of the parameters of protection. It’s your risk.

“As merchants, we are led to believe that if we we receive all of the corresponding info on a credit card purchase and it is approved we are protected”

I still stand by the above statement.

"You failed to mention that the corresponding info includes a signature that matches the signature on the credit card. That is a risk incurred by online and mail order merchants."

There are millions of online or phone transactions every day in this country with a growing amount of it being fraud. I think most of the merchants accepting credit cards feel they are protected (and I imagine if they were Walmart or Amazon this would be a different story).

But the truth is the banks and card processors offer us zero protection.

"The cardholder has up to 90-days to dispute the charge. Merchants are protected if the dispute is declined."

So are you telling me I should hold the item for 90 days before shipping to be sure it is not fraud?  I know that if my Bank sees a charge from another state on my card the fraud protection division is on the phone to me in minutes asking if I made that charge.

"Chase Bank did not deceive you. Their policy is the same as all other credit/debit card issuers."

They all deceive us with propaganda that we are protected, merchant agreements that are the size of novels, merchant statements that cannot be deciphered, customer service that requires literally hours spent on hold, and the statements rationalizing 20-30% interest rates and high processing fees because of all the fraud (not) that they have to absorb.

I call Bull Pinooky!

“As merchants, we are led to believe that if we we receive all of the corresponding info on a credit card purchase and it is approved we are protected”

You failed to mention that the corresponding info includes a signature that matches the signature on the credit card. That is a risk incurred by online and mail order merchants.

“After talking to Chase I was told there is no way to know if the card will be honored until it is too late.”

The cardholder has up to 90-days to dispute the charge. Merchants are protected if the dispute is declined.

“What happens when the item is $10 or $20 thousand dollars?”

You can invoke a policy that requires customers utilize wire transfer for purchases over a specified amount.

“Chase Bank Chase Credit Card Processing credit card, charge back, fraud, public deception”

Chase Bank did not deceive you. Their policy is the same as all other credit/debit card issuers.