Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Oh yes you are correct.

In this case the merchant only loses the cost to the vendor ($7,000). Good catch.



Typically there's also a fee imposed by the bank for having a chargeback.


Standard is $25, but if you are a big merchant it could be lower.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: