Comment on Europe’s $24 Trillion Breakup With Visa and Mastercard Has Begun

• cman6@lemmy.world ⁨1⁩ ⁨month⁩ ago

  In the UK the credit card company are joint liable for any purchases over £100.

  So if I buy X from company Y for £100, and company Y fails to deliver, or goes into administration, or whatever, I go back to the credit card company and get my £100 back. Or looked at another way, I don’t pay them the £100 and they swallow the cost.

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  • pkjqpg1h@lemmy.zip ⁨1⁩ ⁨month⁩ ago

    didn’t know that thanks

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