>cardholders are not liable for unauthorised transactions by merchants
Assuming they are really fraud and aren't just a "free trial" expiring, aren't a contractually-agreed upon price increase hidden in fine print, or that the cardholder saw the fraud and reported it within 60 days.
Not to mention now the cardholder is now unable to use the card if fraud is found, and needs to wait for a new one to be sent via mail. It would suck if the credit card thought getting gas out of state was fraud, and they canceled your credit card on the first day of a week long trip (happened to me, I had to borrow thousands from a friend for the length of the trip...).
in most civilised countries small print like that would treated as sharp practice and you'd easily be able to force a refund under consumer protection law
in the UK I can walk into my bank branch and have my card replaced on the spot, so I don't really see that as a problem, unless you're abroad (and if you're abroad with only one card you should probably know better)
We have 2 different definitions of "easily". At the very least I need to identify that the charge happened or happened differently (if small, it could take a while). Then I need to make sure that it wasn't a real transaction (both me and my wife use the same cardnumber, so I need to check with her to make sure that "0239-ONLN-PMT-GR" wasn't from something she bought).
Then I can call the bank, tell them I didn't make that transaction, or I didn't agree to it, and if i'm lucky they will refund it right away, then investigate. I then need to follow up on that investigation because if they find for some reason it's not "fraud", then they will recharge me that at a later date, so I need to keep up on it until resolved.
And no matter how easy it is to get a card replaced, it's work that I shouldn't need to do.
I'm not saying that Visa is "broken", or that Bitcoin is the only way forward. But I am saying that I think Bitcoin's core values are better than the current system. And that one day Bitcoin will be easier, more secure, more private, and just as usable as Visa.
Hopefully one day we will look back on the way current payment processes are run and it will seem as terrifying and stupid as if you were required to leave a copy of your car keys at every single parking lot you parked in.
Assuming they are really fraud and aren't just a "free trial" expiring, aren't a contractually-agreed upon price increase hidden in fine print, or that the cardholder saw the fraud and reported it within 60 days.
Not to mention now the cardholder is now unable to use the card if fraud is found, and needs to wait for a new one to be sent via mail. It would suck if the credit card thought getting gas out of state was fraud, and they canceled your credit card on the first day of a week long trip (happened to me, I had to borrow thousands from a friend for the length of the trip...).