It's not that simple... Nobody just does someone a favor and simply returns the booking.
Not sure what you mean? You know someone but you want something in return? Sorry, I think it's a bit lost in translation 🙂
The networks only communicate with the merchants or their banks; the actual user has no contractual relationship with the networks. The networks provide the infrastructure, the banks use it, and you use the card issued by your bank.
True, to a degree. We as customers, do have an informal contract with the issuers in that an element of the price we pay for everything we buy with these cards is a fee WE effectively pay to them.
In the UK, the FCA sets a standard called 'Consumer Duty' that all financial firms must adhere to.
Mastercard are failing in that duty by blocking chargebacks against scam, unlicensed and blackmarket casinos.
Speaking only for myself, of course, ALL of my relapsing and failure to control my addiction was borne out of my Banks initial refusal to chargeback. I thought I could just win it back. And £16k later, here we are!
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