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As an added bonus I believe there is a fine to the company for each charge back. I'm not entirely true if this is correct, or if its only partially correct how
by clistctrl 16y ago
As an added bonus I believe there is a fine to the company for each charge back. I'm not entirely true if this is correct, or if its only partially correct however even the thought makes me smile when I think about how frustrated the company had just made me feel.
- praptak 16y agoIt's even better. In addition to the chargeback fees, there are steep fines for chargebacks exceeding some percentage of merchant's transaction total plus the risk of losing the merchant account altogether.
- bkrausz 16y agoSpecifically, my merchant account charges $30 per chargeback and they say there's trouble if more than 1% of your transactions are disputed, regardless of the outcome. Also it's a huge pain in the ass to dispute, even when the merchant is obviously right. Most small merchants fear chargebacks, not so sure about big companies though.