3 ms·Every chargeback from a fraudulent transaction costs ~$25 to businesses.by yani 7y agoEvery chargeback from a fraudulent transaction costs ~$25 to businesses.0xffff2 7y agoI read "industry" as the "payment processing industry" not merchants.bpicolo 7y agoFor middlemen it can cost significantly more, as they often have to pay the businesses for the service anyway (e.g. food delivery)