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Re: For small amounts CC companies do nothing at all...
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Posted by Rod [Email] (#3128) [Profile/Gallery] (more from Rod) on Fri, 8 Dec 2006 10:45:34 Share Post by Email
In Reply to: For small amounts CC companies do nothing at all..., JBack, Fri, 8 Dec 2006 09:05:23
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That seems to be true. They will just write this off since the charge was back in October and no doubt the criminals have already taken the money and gone on to another scam. But of course it's all of us who pay for it in the end. I would think the CC companies would od more due diligence before they allow a merchant to open an account.

Doing a bit more research it looks like a lot of people were hit with this fraud. I have seen references to Russian organized crime, buying credit card numbers from bank employees etc., so that is potentially how my card number got out there.

Anyway I had no net loss in the end but now have to change all my automatic payments, which will be an hour or two of my time that could be better spent elsewhere.
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