On 26-Feb-12 15:35, Roland Perry wrote:
In message , at 13:33:17 on Sun, 26 Feb
2012, Stephen Sprunk remarked:
If the charge isn't paid, the merchant isn't paid.

Wrong. If the charge is accepted by the issuing bank, the merchant gets
paid by their processor, period.

What if there's a later chargeback?

Chargebacks are debited from the merchant's account with the card
processor. If the merchant's account is closed with a negative balance
(eg. due to excessive chargebacks), the debt is collected through the
usual channels.

Note that failure of the consumer to pay their credit card bill does
_not_ result in a chargeback, contrary to Adam's ridiculous claims.

S

--
Stephen Sprunk "God does not play dice." --Albert Einstein
CCIE #3723 "God is an inveterate gambler, and He throws the
K5SSS dice at every possible opportunity." --Stephen Hawking