Comment by mrguyorama
20 hours ago
This has always been a lie.
The entire giftcard industry operates with these payment networks just fine despite large chargeback percentages that come from literal stolen credit cards
If the claim that "higher chargeback risk" like that cut you off from the payment networks were true, you would not be able to buy gift cards with credit cards.
To your point, lots of cards both limit purchases and charge higher rates on giftcard purchases to offset the risk.