credit card company chargeback fees fraud class action
Consumer credit card chargebacks can be costly for PayPal. When a fraud occurs, if a consumer disputes the charge with his or her credit card company, the financial institution makes PayPal cover the cost. Effectively, when Smith filed a complaint with Visa, the con artistâs $2,200 bill was handed to PayPal.hen a fraud occurs, if a consumer disputes the charge with his or her credit card company, the financial institution makes PayPal cover the cost. Effectively, when Smith filed a complaint with Visa, the con artistâs $2,200 bill was handed to PayPal.