undefined | Better HN

0 points1337Coder13y ago0 comments

Oh yes you are correct.

In this case the merchant only loses the cost to the vendor ($7,000). Good catch.

0 comments

2 comments · 1 top-level

dminor13y ago· 1 in thread

Typically there's also a fee imposed by the bank for having a chargeback.

Standard is $25, but if you are a big merchant it could be lower.

j / k navigate · click thread line to collapse