A chargeback is just that. It’s when a customer wants to get a charge back, also known as a refund. Normally, a refund would not be something to worry about. But if you get above a 2% chargeback amount, the nerves of the merchant servicer begin to quiver. If you didn’t know, the merchant account servicer is responsible for the refund amounts if you go out of business and don’t cover your chargebacks. It’s no wonder It’s no wonder that merchant account servicers are so nervous about a chargeback. So, plan ahead and take charge if someone is not happy […]
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