dcsimg

Online Credit Card Chargebacks Gain Attention from NY Attorney General

By , CardRatings contributor
  • Google +
  • Twitter
  • Facebook
Online Credit Card Chargebacks Gain Attention from NY Attorney General After months of scrutiny from Congressional investigators, a trio of online marketing companies has been targeted by New York State Attorney General Andrew Cuomo. Webloyalty, Affinion, and Vertrue all offer subscription-based discount programs that generate new memberships from special ads placed on the final page of an e-commerce site's checkout process. According to investigators, many consumers mistake the ad for a retailer's coupon, unaware that their credit card information has passed from the retailer to the marketing company.

Most credit card companies offer chargeback protection for cardholders who feel they have been signed up for subscription programs in error. However, investigators note that it can sometimes take months or years for some cardholders to spot the companies' small, routine transactions on crowded credit card statements. Publicity from Cuomo's investigation has already caused some retailers to remove themselves from the web marketing programs, while other partners now require customers to re-enter credit card data manually before confirming new subscriptions.
0 Responses to "Online Credit Card Chargebacks Gain Attention from NY Attorney General"

No Comments

Leave a Comment
 
 
 
About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

Advertisers in our database are highlighted, and advertisements include an option to apply using links on our site. CardRatings.com may be compensated by companies mentioned on the site when a user's application is accepted or approved by such companies.

How do your cards stack up?

Compare your card starting here

NEXT »

Featured Partner Cards

loading