You purchase a product, but it doesn’t work or you don’t even get it. So you open a chargeback. How are banks able to just claw back the money you’ve sent?
In: Economics
Two ways:
One: banks don’t transfer money instantly. They do it “at the end of the month” in one big tally.
Two: all the banks and merchants have a bro code to undo problems when they are discovered.
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