I agree about grandma getting scammed, but I think you’re wrong about the banks. Credit card refunds are already trivial, and the customer almost always wins (even when their bank thinks they’re committing refund fraud). The problem is that the banks know that these charges will have a high chance of fraud and they will charge high transaction fees to cover the expected losses.
I agree about grandma getting scammed, but I think you’re wrong about the banks. Credit card refunds are already trivial, and the customer almost always wins (even when their bank thinks they’re committing refund fraud). The problem is that the banks know that these charges will have a high chance of fraud and they will charge high transaction fees to cover the expected losses.