alt Hacker News> User just disputes the charge and it kind of disappears. The banking system just absorbs it,
No it doesn’t.
> It's all priced in.
So you admit awareness that fraud loss doesn’t kind of disappear.
We all pay for it, either via higher merchant fees or higher interest rates, sometimes both, on card purchases.
Yes, it absolutely does "kind of disappear". That's exactly what happens from the customer's perspective.
And that's their own deliberate choice too: they chose this instead of building an actually secure system. Passing these costs to the customer is the real victim blaming here, and it should be straight up illegal.
Sadly not enough countries enforce caps on credit card fees, but some do, and more should follow suit. They should be forced to eat the losses caused by their own choices, not get bailed out by pushing the costs on to customers or whatever.