Maybe in US. In Europe people pay a lot with money transfer and payments are considered to be mostly irreversible. Banks don't take responsibility for your mistakes (like typos or getting scammed).
Prepayment fraud is somewhat prevelant, so most transactions are post paid or direct debit. Neither form has that problem.
Even when fraud occurs, the recipient is a known actual person. Know your costumer rules successfully prevent these kinds of scams to a sufficient degree.
Banks will also monitor transactions and will delay execution when there are signs of fraud. That's why so many scams rely on other methods of payment, especially gift cards, western union and... Crypto coins.
> Even when fraud occurs, the recipient is a known actual person.
Not really. It's easy enough to set up fake identity that people who go and scam people on the internet usually do that.
I mean crypto and gift cards are way worse than banks of course. I'm just saying that there's no expectation in Europe that most payments are reversible.
