Wikipedia is a tool to make the masses ignorant and has zero credibility.
Section 205.6 Liability of consumer for unauthorized transfers
Limits a consumer's liability for unauthorized electronic fund transfers, such as those arising from loss or theft of an access device, to $50; if the consumer fails to notify the depository institution in a timely fashion, the amount may be $500 or unlimited.
Okay... Well, Reg E, is easy to lookup:
http://www.federalreserve.gov/bankinforeg/regecg.htm
I will dig up something for Visa, momentarily...
Liability for fraud shifts from the card issuer to the merchant for 'Card Not Present' sale (mail order, telephone/fax order, and internet sales). The merchant is generally liable for credit card charge backs, even when the bank has authorized the transaction. After a merchant is stung by a fraud, the credit card processors often hike their rates, citing increased risk. The merchant also risks losing their accounts with the card companies if their fraud rate gets too high.
I have a question which I am hoping UKTickling can answer. What exactly is a chargeback? My experience with C4S is once a purchase is made it's made. If your download gets screwed up then they'll let you download again, but I have never gotten money back.
Same with a membership site. I have gotten memberships and cancelled but the membership lasts through the end of it's period. I don't get my money back.
Have you tried eclipse?
What you are talking about is something completely different. I believe there is a no refunds statement in the purchase process but to be fair, C4S have always allowed me to download a working copy of a clip if something goes wrong so I can't see that I'd ever need to ask for a refund anyway.
A chargeback is where the Credit Card company disputes a transaction made because a stolen card has been used and clips4sale takes action to reclaim the money it has paid out to a store owner.