Outside of the vendor's relationship with the credit card company, a chargeback is identical to ceasing payment. The credit card company has zero control or influence over contract disputes. At best they can threaten a vendor relationship for disregarding their arbitration (which vendors will do simply because they have to pay somewhere in the range of $700 to pursue), but they won't and don't do that.
So you can find stories by the thousands of people who won a chargeback, and then were hounded by collections and ruined credit. Because Visa and Mastercard don't overrule contract law.
Credit cards are safer/more powerful simply because money is influencing, and he who controls the money controls the relationship. They don't override contract law, however.
So you can find stories by the thousands of people who won a chargeback, and then were hounded by collections and ruined credit. Because Visa and Mastercard don't overrule contract law.
Credit cards are safer/more powerful simply because money is influencing, and he who controls the money controls the relationship. They don't override contract law, however.