> As for merchant fraud, users are expected to establish business relationships with trustworthy vendors and hold them accountable themselves.
I’d just like to point out that a huge part of the reason credit cards are successful is that I can pay untrusted merchants with relatively low risk to myself. You are describing a massive drawback, bordering on deal breaker.
I’d just like to point out that a huge part of the reason credit cards are successful is that I can pay untrusted merchants with relatively low risk to myself. You are describing a massive drawback, bordering on deal breaker.