I thought I was quite business savvy. However, I soon learned that I don’t have a clue when it comes to unscrupulous schemers. There are bad people out there that make a living scamming the public!
Recently, we received payments for a pending purchase by credit card totaling a substantial amount. Weeks later our checking account was charged back. A month later we were still receiving charge backs — charges to our checking account from the merchant charge provider. I went to our bank to find out why we were being charged back for these credit cards. Our bank called the merchant provider and the provider connected me with the fraud investigator. The investigator advised us that these charges were made with stolen card information and, therefore, the charge backs.