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0 pointsgeneral14651mo ago0 comments

Then why there are chargebacks in the first place? Allow merchants to have no chargeback policy.

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4 comments · 2 top-level

gowld1mo ago· 2 in thread

US federal laws mandate chargebacks as a consumer protection mechanism, primarily through the Fair Credit Billing Act (FCBA) of 1974 and Regulation Z of the Truth in Lending Act (TILA)

lotsofpulp1mo ago

Why does this not apply to payment methods like Zelle?

bell-cot1mo ago

Zelle is (in effect) a wire transfer - there is no "credit" (meaning "borrow now, pay later") for that law to apply.

4 more replies

ribosometronome1mo ago

What merchant wants to have chargebacks? They exist for consumer protection not for the seller's benefit.

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