maybe Wilheim can answer this? It's popped up in a couple of threads that I've been following. It sounds like people are depositing into their accounts with credit cards and then reversing the charges if they lose? How can the credit card company allow this? This sounds like fraud on the part of the guy who's charging back, don't see how the CC companies would let this take place. If I go into a Circuit City and buy a plasma, could I just then chargeback if I change my mind and not return the tv? What's the difference?
they can claim it was a fraudulent charge and they are not liable
harder to do with merchandise, because they have either your signature (if you picked it up in person) or the "ship to" address which proves where the merchandise went
online gaming has neither, just an IP, which can be faked
harder to do with merchandise, because they have either your signature (if you picked it up in person) or the "ship to" address which proves where the merchandise went
online gaming has neither, just an IP, which can be faked
That's why most CC companies don't allow gambling charges anymore, too high a percentage of chargebacks.
If you chargeback at a store like Circuit City, obviously you would have to return the item. It's with nebulous things like gambling, internet pay sites, etc. where there is some questionability.
Chargebacks do have a useful purpose, though. I was scammed by a company that tried to put 900 charges on my phone bill at 2 minutes for 20 bucks an hour. I got a virus in my computer and some sort of autodialer had been installed. Luckily, my computer alerted me right away, and I disconnected and reinstalled.
I called the phone company who said call the company and do a chargeback. Well, I do and first the lady says you have to pay. I say no I'm not paying, then she tries to bargain to 50% of charges. I say no way am I paying and finally she says "Ok, we will take off all charges".
I imagine a certain percentage of people take the discount and get ripped off for only half the amount, but stick to your guns.
If you chargeback at a store like Circuit City, obviously you would have to return the item. It's with nebulous things like gambling, internet pay sites, etc. where there is some questionability.
Chargebacks do have a useful purpose, though. I was scammed by a company that tried to put 900 charges on my phone bill at 2 minutes for 20 bucks an hour. I got a virus in my computer and some sort of autodialer had been installed. Luckily, my computer alerted me right away, and I disconnected and reinstalled.
I called the phone company who said call the company and do a chargeback. Well, I do and first the lady says you have to pay. I say no I'm not paying, then she tries to bargain to 50% of charges. I say no way am I paying and finally she says "Ok, we will take off all charges".
I imagine a certain percentage of people take the discount and get ripped off for only half the amount, but stick to your guns.
Ok, I see. In that case I think all offshore books should have some kind of shared "black book" with names , addresses, and cc numbers of people who do this kind of thing. Once that person does it in one book, they can't play or open up another account at any other. Probably would be hard to get all the offshore places to cooperate though. Actually I wonder why they would even take credit cards. Why not just require Neteller or other ways of depositing.
you can chargeback whenever you purchase a service or good that requires a delivery.
SB are under [entretainment category by the cc procesors companyin this case a service. so if you are not 100% satisfied/customer service prbs/ poor eficiency/with your purchase u may refused this transaction.
Coded CC procesors have a negative player list thats why the approval ratio is so low in coded processors
SB are under [entretainment category by the cc procesors companyin this case a service. so if you are not 100% satisfied/customer service prbs/ poor eficiency/with your purchase u may refused this transaction.
Coded CC procesors have a negative player list thats why the approval ratio is so low in coded processors
one reason the sportsbooks cant challenge the chargbacks is since gambling transactions are prohibited by both visa and mastercard, the sportsbooks make up fraudulent categories that disguise the true nature of the transactions. In the past when I would use credit cards they would be listed as digital services or some other strange product. I recall getting calls from my credit card company saying that several charges were made in the night through a bank in Beruit (for example) and did I make them - I would say AHHH yea and they would leave it at that. I always wonder what they thought?
