Originally Posted by
Happy
Someone has already said it in this thread - it is ALWAYS the US Banks absorb the losses caused by DCC disputes.
At the end, Chase actually gives me $40 credit for the trouble I caused them, while the Acquirer totally got away from this. I should pay $47.10 had the merchant did not DCC.
Not always. Fellow poster cxua had a successful reason code 76 chargeback about 2 years ago with Chase. Chase
did do the correct thing in this case as well, as evidence by the reason code 76 below. So, at the very least, the acquirer was inconvenienced by having to respond to the chargeback.
Below is what the Acquirer Certificate says - I am typing this as exactly what it says
Dear Issuer.
Your raised dispute under RC 76 Incorrect currency
Your Centre raised for full amount of USD49.45 whereas the charged amount was AED173.00 which is equivalent to USD47.10 only (USD49.45-USD47.10) having a difference of USD2.35.
We are willing to accept the difference amount of USDf2.35.
Please raise pre-arbitration for USD2.35.
What likely happened here is that the acquirer balked at the chargeback, Chase took the matter to arbitration, and then the acquirer offered the above difference. The acquirers are the ones who initiate the problem, and many merchants are complicit when it comes to DCC likely because they're getting a cut.