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What are the liabilities to the merchant if a purchase was made online or via phone and you do not have a physical signature from the customer?


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Wiki User
2005-01-11 21:46:24
2005-01-11 21:46:24

Credit card fraud is increasingly becoming a large concern for consumers and merchants. Particularly for buyers making online purchases, the issue of consumer credit card protection is even more pressing. While U.S. federal law currently limits a consumer

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differentiate between physical assets from physical liabilities

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To accept credit cards you will need what is called a merchant account. A merchant account is basically a relationship between you, the bank ans a merchant services company. There are 3 types of merchant accounts, Internet, Retail and wireless. Internet merchant accounts are obviously for internet stores. Retail merchant accounts are for business with a storefront were the customer pays you in person. Wireless merchant accounts are for business such as taxicabs, tradeshows, etc who process credit cards in person but not at a store or physical location.

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There is no age limit for Merchant Marine applicants who can pass the physical exam.

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My merchant service will alow any charge, regardless of the date of sale, as long as I have a physical imprint of the card, and the correct signature (provided the card has not expired)

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Probably not. Sounds like a scam to get you to send the scammer some form of your electronic signature or even physical signature. Don't


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