What is a Chargeback?

What is a Chargeback? A chargeback occurs when the holder of a credit card contacts the card issuer to dispute a billing entry.  In response to the customer claim, the card issuer contacts the merchant’s credit card processor and disputes the sale.  The proceeds from the original sale are subtracted from the merchant’s account.  In…

The Cost Of Chargebacks

The Costs of Chargebacks to Merchants The cost of chargebacks to online merchants can be significant. In fact, countless  merchants have found their business efforts completely thwarted by frequent chargebacks. The initial cost of chargebacks is reason enough to be concerned. Every chargeback automatically results in a loss of income due to the cancelled payment of an order.…