Subject: Re: As a Retailer, Who do you Report Card Fraud To?
From: Maria 
Date: Sun, 22 Jul 2007 16:38:06 +0100
Bytes: 3340
Newsgroups: uk.politics.misc uk.finance alt.politics.british

On Fri, 20 Jul 2007 13:28:35 -0700, Mel Rowing
 wrote:

>On 20 Jul, 21:12, Ronald Raygun  wrote:
>> Thored wrote:
>> > On Fri, 20 Jul 2007 16:11:05 GMT, Ronald Raygun
>> >  wrote:
>> >>Thored wrote:
>>
>> >>> The problem a trader has AIUI is the cardholder can get a refund but
>> >>> the trader loses the item sent *and* the money
>>
>> >>You make it sound like a double loss, but the arithmetic doesn't
>> >>work like that.  He only loses the cost to him of the item (plus
>> >>P&P, card fee, and the cost of dealing with the problem).
>>
>> >>You can't say he loses the money, since he did in fact get it before
>> >>losing it again, so this is neutral.  Apart from incidental costs,
>> >>the net loss to a trader is just the cost to him (i.e. pre-markup)
>> >>of the item.
>>
>> > She is still out of pocket
>>
>> Indeed, but by rather less than you're suggesting
>
>Is it not also the case that the trader only loses in transactions
>where the cardholder is not present?

Don't see how that can be, when all CC sales are covered by bank
guarantee to refund their money in the case of a dispute.