What are the risks of a business that accepts payments by credit card?
While there are risks, the benefits certainly outweigh them:- fraudulant/stolen credit card number: The business will not be paid or the amount will be taken from the next statement- cardholder disputes. A cardholdercan dispute any charge on the credit card. A business has a set time to counter the dispute, if the business fails to counter or, in the eyes of the credit card company, fails to prove their argument, the consumer is refunded the purchase price.
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