FOC creditcard fraud?

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speed23 said:
How have he credit companies not taken action? They are losing thousands due to fraud from one retailer.
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...because the cost of increasing cc security is more than the cost of the fraud charges they have to cover.

Millions of people carry balances of $thousands at double digit interest rates. The cost of fraud is built in to the cc companies business model, and they can afford it.
 
jethunter said:
...because the cost of increasing cc security is more than the cost of the fraud charges they have to cover.

Millions of people carry balances of $thousands at double digit interest rates. The cost of fraud is built in to the cc companies business model, and they can afford it.
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Surprised they just haven't got their ability to process transactions dropped
 
magdump said:
Surprised they just haven't got their ability to process transactions dropped
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The fact the cc companies don't shut down transactions with businesses that have continuous issues tells us all we need to know. If cc companies dropped every retailer that had fraud related issues it would cut into their profitability. It's a cost of doing business that the consumer pays for in the end. I have seen estimates that the cost of cc fraud raises retail prices in the range by 10-15%.
 
Does anyone know when the last documented credit card fraud was ?

I'd like to shop there again if the issue is resolved .
 
Relax people. Credit cards reimburse you and ship you a new card when it comes to fraud. So many companies get hit by credit card fraud. Let's put the pitch forks down.
 
.30/06 FTW said:
Said it before and I'll say it again. It wasn't that there was a data breach, it was their extremely inappropriate reaction to it.
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Exactly this every time and clearly it has not been said enough, I know I won't be shopping there ever again, thankfully I have not for the last 3 years so I think I am safe, they have lots of things I would like to pick up but if I am not going there physically with cash, not going to happen, and even then I would rather just wait out stock elsewhere.
 
apex survival said:
I ordered a prepaid MasterCard from my bank, small monthly fee but its only good to someone if I have funds on it. This one is going to be completely off-grid and doesn't even have my name on it, precisely what I need for somewhat dicey outfits where cash isn't an option.
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Well, I used this card once. Now there is a fraudulent charge, any guesses where I used it?
 
I just received my order from foc. It was supposed to be a rm06 adjustable rmr however I received a rm01 in the box of the rm06 and the serial on the box is different from the sight. I’m guessing they grabbed the wrong one off display or sent me someone else’s return. Will they honour a return on this or are they gonna give me a hell of a time

Edit;: just got off the phone with them. Very friendly they are replacing it and we’re very quick. First time shopping with them won’t be the last !
 
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apex survival said:
Well, I used this card once. Now there is a fraudulent charge, any guesses where I used it?
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What you described doesn’t exist in Canada. Maybe they just used your banking information but, you can’t have an anonymous pre paid car like you describe. Maybe you meant a gift card or something ? Why not just use cash ? There is no such thing as an anonymous online purchase.
 
Attention all customers,

We here at FOC believe in free speech and freedom of expression, hence the reason why we have let this thread run its course.

All credit card issues have been rectified and we sincerely apologize to anyone who was affected.

The thread will now be locked and we wish everyone a safe and happy long weekend.

Sincerely,

FOC Management
 
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