Monday, June 28th, 2010
What is my liability for a fradulent charge made on my Mastercard credit card?
Ramji asked:
My credit card bank called me for two suspicious charges , over $ 800 each,made on my Mastercard (by the same person, for identical merchandise, for same amount), which I confirmed were fraudulent. Bank were able to get the merchant to reverse charges on one transaction, but for the second one, they asked me to call the merchant directly for giving the credit on my card. I did just that, but the merchant asked me to work the credit thru my bank ! My bank, in turn, has asked me to provide them with a notarized affidavit, for them to persue this fraud investigation. I am in the middle of preparing the requested documents, but where does this leave me, as far as my liability for this fraudulent charge ?
My credit card bank called me for two suspicious charges , over $ 800 each,made on my Mastercard (by the same person, for identical merchandise, for same amount), which I confirmed were fraudulent. Bank were able to get the merchant to reverse charges on one transaction, but for the second one, they asked me to call the merchant directly for giving the credit on my card. I did just that, but the merchant asked me to work the credit thru my bank ! My bank, in turn, has asked me to provide them with a notarized affidavit, for them to persue this fraud investigation. I am in the middle of preparing the requested documents, but where does this leave me, as far as my liability for this fraudulent charge ?
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June 29th, 2010 at 5:31 pm
Under Federal law the most you can be liable for is $50.00, but you must file the proper paperwork with the credit card company.