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This is true for Visa/Mastercard as well. I used to work in merchant processing and sat near the chargeback department and would frequently overhear conversati
by Bluecobra 5y ago
This is true for Visa/Mastercard as well. I used to work in merchant processing and sat near the chargeback department and would frequently overhear conversations with irate merchants having to pay a $25 chargeback fee regardless of the outcome. This was almost 20 years ago so not sure if that fee has been lowered or got higher.
- rootsudo 5y agoHigher, and more strikes per merchant would mean the merchant is drop. $25 is the minimum. 1% used to be the minimum for what was acceptable per monthly volume, but now it's much less, I've seen guidelines on risky categories go to .5%.