alt Hacker NewsAs I understand it, most of the fees associated with US credit cards don’t actually go to the parties that are on the hook for disputes.
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mahboi • yesterday at 7:25 PM
I mainly meant the processor has to spend money handling the disputes. They may eat the cost too if it's small, but usually that's on the merchant. They're more likely to eat the cost of fraud.
Most fees go to the issuing bank. The issuing bank is usually on the hook for customer disputes. So I think you are mistaken.