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Just learning this now, terrifying as a merchant. Was wondering what anyone's experience with chargebacks are in general. I could imagine that, in the worst ca
by jofla_net 1y ago
Just learning this now, terrifying as a merchant.
Was wondering what anyone's experience with chargebacks are in general. I could imagine that, in the worst case, if combined with 'card testing' as a merchant you could immediately get slammed with thousands in unavoidable charge back fees? Maybe i'm hyperventilating but thats huge, really. I hope theres some stop gap.
- habinero 1y agoYes, that can absolutely happen if you don't have the right controls in place. If you get too many chargebacks, the card networks will kick you from the system. Card testing won't (usually) do it, because that doesn't (usually) generate chargebacks[0], but yes, you will absolutely get smacked with fees if it happens. It really sucks. https://stripe.com/resources/more/chargebacks-101 https://stripe.com/resources/more/chargebacks-101 -- [0] it totally can, but card testers usually try to fly under the radar somewhat