On: Scientists Are Planning to Run for Office

[rconti]

Why shouldn't you have your credit score tattooed on your forehead? Shouldn't merchants know if you're more likely to do a chargeback?

[virmundi → rconti]

Nope. The system is implicit that the credit card companies will take care of that. While both sides need an adjudicator, there is a system in place to spot/stop bad actors. Not a perfect system, fraud still happens. But a system none the less.

[rconti → virmundi]

That is true, but merchants with more chargebacks get punished with bad rates. It costs them real money to not know if a customer is a bad actor.