Roland Perry wrote:
at 17:39:57 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.

Indeed, as long as the failure to pay was "because I have no money",
rather than "because I dispute the charge".

As long as the charge was authorized by the clearinghouse!

This is the bit Stephen Sprunk is pretending to misunderstand to continue
arguing.