One of these is an honest mistake; the other is outright fraud. If you are intentionally committing chargeback fraud, it ends up costing retailers $11.8 billion a year, which will eventually get passed down to consumers. And it's 100 percent illegal -- you are exposing yourself to a host of consequences, including jail time. Yes, you can get in trouble! But more importantly, why would you want to try?! Chargeback fraud is essentially cyber shoplifting. Do you consider yourself a thief? Unless you are massively stupid, absolutely nothing! We fraud and risk managers do not have the time to report or sue every fraudster, and the reality is that if you know what you are doing I as a Fraud Manager will know who you are and will be ab... We reached out to Nasir N. Pasha (Esq.), the managing attorney of Pasha Law PC to get some expert legal advice on how to take legal action against a chargeback fraudster. In this guest Q&A, Mr. Pasha explains what legal matters merchants can take if chargeback fraud either gets out of control or if it becomes something too big for the card networks to handle. Consumers who file a dispute may get added to a chargeback black list by the merchant, prohibiting that customer from conducting future purchases. This would be a problem if the customer is a regular user of the merchant’s services. Sony, for example, bans users from the Playstation Network if they file a chargeback. The rationale is that the ... Can You Get in Trouble for Chargeback Fraud? If we take into consideration the definition of chargebacks and its purpose to protect the buyers from fraud, the consumers who misuse chargebacks could end up with serious chargeback legal ramifications. Requesting a chargeback takes much longer than requesting a refund from the merchant What is a chargeback? A chargeback is a refund prompted by your card issuer. If you paid for a product or service with a credit card, you can dispute it through the card issuer and let them take the battle to the merchant. If the issuer succeeds where you failed, the purchase price is refunded to the credit card you charged it on. However, certain chargeback cases can take up to 6 months to resolve. True Fraud Prevention. Can I prevent 100% of true fraud? Yes—if you stop accepting payments, you’ll stop 100% of true fraud. Identity theft is an unfortunate reality in commerce, and strict fraud prevention tools end up blocking a considerable volume of legitimate ... Before telling your credit card company, “I’m not paying for that,” save your merchant and yourself some trouble: Make sure you have a rock-solid reason for seeking a chargeback. First, you can request a chargeback if you legitimately suffered at the hands of an unscrupulous merchant, or one with bad business practices. For example, say a business makes it impossible to request a traditional refund by not displaying contact information or failing to acknowledge your requests. This could be a deliberate move on the part ...
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