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  #69  
Old July 6th 07, 03:18 AM posted to rec.aviation.piloting
Taylor Hughes
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Posts: 7
Default ID Theft -- Courtesy of the FAA

Dennis Johnson wrote:

I'm also confused by this. If the thief paid by credit card at a self-serve
pump, the FBO will get paid by the credit card company, no matter what.


Absolutely false. If you are a merchant and you accept a credit card that
proves to be fraudulent, sorry for you. The issuing bank will issue a charge
back to your bank and you will have the charges reversed. Plus you will pay a
significant charge back fee. If the situation happens automatically the fees
can go up and you can lose your merchant account.

That is why it behooves merchant to diligently check those signatures and hang
on to receipts with the signatures on them. If they accept credit cards without
signatures (e.g. at a self-fueling pump) the risks are increased and the
benefits of increased legitimate sales need to offset those risks.