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who is held responsible in case of a Credit Card fraud transaction on a site?

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1. The credit card holder (the user)

2. Credit card issuer Bank (e.g. ICICI, HDFC etc)
or
3. Credit card company (e.g. Mastercard, Visa etc)
or
4. Payment Gateway service provider (e.g. checkout etc)
or
5. Site owner (e.g. ibibo.com etc)

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2 Comments on "who is held responsible in case of a Credit Card fraud transaction on a site?"

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Raj
Admin
There is no liability for user : Credit cards transactions in India are governed by Indian Contracts Act 1872. In fact, in most of the world Credit Card transactions will be covered by respective Contract laws unless specific laws exist to govern credit card usage. Anyway getting back to the point, if you or your wife (since she holds a linked card) did not authorize the transaction, the contract formed between the merchant (in this case Air India) and the person who used the card is void in principle. Simply because whoever used the card is not legally entitled to… Read more »
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