how is the US banking system not crippled by credit card fraud?

Question

I come from a country where most people don’t have a credit card.

I cannot wrap my head around [this](https://m.youtube.com/watch?v=vmh3_nSR1jU) documentary.

Now I get that credit card fraud *is* a big problem.

But if all you need is the card number to order stuff, and card numbers are so easy to come by as shown in the documentary, then why is not every single criminal in the US running a credit card fraud operation?

It seems super easy and low risk. Get a burner device, order stuff from public wifi, and don’t be stupid about the delivery locations.

In: 548

Answer 1

As to your headline, banks chargeback the merchants for the fraud. Banks have extremely limited risk