3 ms·
They can usually sell the debt for companies, which are very good at collection debts. One reason to not do chargeback unless absolutely sure that it is valid.
by nicce 2y ago
They can usually sell the debt for companies, which are very good at collection debts.
One reason to not do chargeback unless absolutely sure that it is valid.
- lxgr 2y agoNot sure I see the relation between chargebacks and issuers selling off bad debt: Chargebacks are either paid for by the acquiring merchant or the issuer; in both cases (if accepted by the issuer), they extinguish the cardholder's debt to the issuer.