Watch the webinar and learn about chargeback costs, how to prevent chargebacks from occurring as well as methods for recovering funds lost to chargebacks.
Watch the video. What do chargebacks cost your business?
Chargebacks are $31 billion problem that affects EVERY merchant’s bottom line.
Chargebacks are often viewed as a cost of doing business, and, unfortunately, many merchants believe there is nothing they can do about chargebacks.
Nothing could be further from the truth. Aggressively preventing chargebacks from occurring and recovering funds lost to chargebacks should be a priority for every merchant.
Whether caused by true fraud (identity theft or stolen payment cards) or friendly fraud (“buyers remorse” or disputing a legitimate charge), if you aren’t actively preventing chargebacks, your chargebacks will cost you. Get too many chargebacks and you could lose your processing privileges altogether.
Unfortunately, it’s becoming easier and easier for consumers to dispute legitimate purchases, bypassing merchants and going directly to the bank to file a chargeback. When that happens, YOU pay the price. It’s estimated that for every $1 in chargebacks, merchants incur an additional $1.50 in fees, fines, penalties and loss of goods and services.
Let us show you how to protect your revenue with the Cardholder Dispute Resolution Network.