Originally Posted by
Mwenenzi
When a credit card is used a % goes to the bank/credit card. Charge backs are just part of doing business. Some times they receive $ back from the vendor and sometimes not.
Banks and airlines must comply with consumer law.
Chargebacks are not statutory instruments written into law. It is a clawback mechanism built in to Visa and Mastercard, American express and other payment houses to give confidence in the system.
Banks are bound by the conditions imposed on them by visa and mastercard, et al. It isn't the banks choice to reinburse or not - it is dictated by the contractual operating procedures imposed by Visa, mastercard, etc.