Comment by cryptonector

Not really. Lots of people in this thread explain why not:

- it's not foolproof as many of those cards will allow the merchant to override

- their claim can get sent to collections and hurt your credit score

- you can get canceled

Seriously, if you cancel payment on a company, they'll never do business with you again, and when it's a large and difficult-to-do-without company it can hurt.

Telling people to cancel payment to cancel is just bad advice that will hurt them.

We really need strong regulation here. There is no substitute.