• cman6@lemmy.world
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      30 minutes ago

      In the UK the credit card company are joint liable for any purchases over £100.

      So if I buy X from company Y for £100, and company Y fails to deliver, or goes into administration, or whatever, I go back to the credit card company and get my £100 back. Or looked at another way, I don’t pay them the £100 and they swallow the cost.