Payment processors are required to maintain a certain chargeback rate with the card companies and so that risk gets passed on to the merchants.
This is all exceedingly well documented and a Google search away if you'd like to learn the inner workings of it.
Payment processors are required to maintain a certain chargeback rate with the card companies and so that risk gets passed on to the merchants.
This is all exceedingly well documented and a Google search away if you'd like to learn the inner workings of it.