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I do believe that merchants can be held responsible for processing a stolen card. Besides the fact CC will not reimburse them for the transaction costs they are other things that can happen especially for face to face transactions. Over the internet that is a different story. If the Merchant is claim they are hit with a $5000 fine from the CC company to keep his ability to process CC orders there should be documents to back that up. Have your friend ask for proof, if proof exist then he has to decide what he will do.
Just so you know the Mechant does not have to press charges if he does not want to, the CC company can and probably will. So your friend is pretty much stuck between a rock and jail at this point. But before he pays if that is what he wants to do before going to jail, ask for proof of the $5k.
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