Credit Card Chargebacks
This cluster focuses on the risks, costs, and handling of chargebacks for merchants in online payments, including penalties from processors like Stripe and PayPal, fraud concerns, and strategies to mitigate them.
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Credit card chargeback fraud isn't that rare, and the merchants usually take the hit.
how did they handle the chargebacks? These typically can cost between say 15 and 25 per chargeback immediately to the merchant regardless of resolution?
have you had to deal with chargebacks?
There is a big penalty for chargebacks, so not presumably, definitely.
Chargebacks aren't free; the payment processors charge a substantial penalty.
What would happen if people performed chargebacks?
How will you deal with chargebacks?
It's largely the card issues fault. They charge a fee for each chargeback and punish or increase the fees for merchants who receive many chargebacks, so merchants try to avoid chargebacks, which includes banning everybody who uses them.
this would happen to you with paypal and credit card chargebacks, no idea if this is still the case (but it wouldn't surprise me). you lose the money and an additional 10$ fee, for every transaction. so someone could send you 5$ in 5 transactions, chargeback and you'd be out of 55 dollars.
How much is it a issue of chargebacks?