Tracking chargeback fraudsters across state lines would require cooperation from banks, card networks, and multiple local and federal law enforcement agencies. While there have been cases in which cardholders were charged with wire fraud as a result of chargeback abuse, such cases are exceedingly rare. However, the process itself is governed by card network policies not the law. Strictly speaking, it's kind of a ‘gray area’.īanks and card networks were required by law to create the chargeback process. Second, both forms will result in the same damage to your business, regardless of the cardholder’s intention. First, the two forms of chargeback fraud are very hard to distinguish from one another. There are two key points to understand here. The only real solution is a dynamic, multilayer approach. There’s no such thing as “foolproof” fraud prevention technology.
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