The liability for credit card fraud is determined by the terms and conditions of the credit card company and the credit card holder agreement
Generally, credit card companies are responsible for reimbursing customers for unauthorized charges on their accounts
However, the liability may differ depending on the specific circumstances of the fraud
Credit card holders are usually not responsible for any unauthorized charges made on their accounts, as long as they report the fraud in a timely manner
The Fair Credit Billing Act (FCBA) protects consumers by limiting their liability for unauthorized charges to $50
Businesses that accept credit card payments are also at risk of credit card fraud
In the event of credit card fraud, the liability is generally with the merchant who accepts the payment
However, credit card companies may also hold some responsibility for fraudulent charges