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- ---- I got burned by a stolen card
LifeinAsia - 4:31 pm on Jan 14, 2010 (gmt 0)
|Why aren't people with cards enraged about this? |
Because they usually have no liability. If their card is stolen and used, the merchant usually has to eat the costs.
You can bet that if the credit cards were held liable for the costs, they would move VERY quickly to put better safeguards in place.
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