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QuestionBusiness Law

What is the meaning of "successful liability shift for enrolled card" in the context of OnlyFans?
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Step 1
In the context of OnlyFans, a "successful liability shift for enrolled card" refers to the process where the liability for fraudulent charges shifts from the merchant (OnlyFans) to the issuer of the card.

This typically occurs when the merchant implements 3D Secure, an additional security layer for online credit and debit card transactions. When a transaction is authenticated using 3D Secure, the liability for any fraudulent charges is shifted to the card issuer, provided that the cardholder has enrolled in the 3D Secure program. This provides an additional layer of security for the merchant, as they are no longer held responsible for fraudulent charges made with enrolled cards. Here's a step-by-step explanation:

Step 2
: OnlyFans implements 3D Secure for credit and debit card transactions.

Final Answer

A "successful liability shift for enrolled card" in the context of OnlyFans refers to the process where OnlyFans is no longer held responsible for fraudulent charges made with an enrolled card when 3D Secure authentication is successful.

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