Auckland retailer Cactus Outdoor seeks shared responsibility for $3000 fraud loss from credit card companies.

An Auckland retailer, Cactus Outdoor, is facing a $3000 loss due to a fraudulent transaction using a Visa card, which was later reversed by the bank. The managing director argues that credit card companies should share the financial responsibility for such fraud, claiming there is an imbalance of power and liability. Banks and card issuers maintain that merchants are liable for chargebacks in disputed transactions.

November 25, 2024
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