Who is liable for fraudulent EMV transactions depends on the type of card the cardholder uses to pay and the type of terminal you use to accept payments. The following table describes who is liable for fraudulent transactions:
Type of card
Type of terminal
Party liable for fraudulent transactions
Magnetic stripe only
Magnetic stripe only
Card issuer
Magnetic stripe only
EMV compliant
Card issuer
EMV
Magnetic stripe only
Your business
EMV
EMV compliant
Card issuer
Important: If your terminal is EMV compliant and you swipe the magnetic stripe of a working EMV card or manually enter the details of a working EMV card, you are liable if the transaction is fraudulent.
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