A Merchant's Guide to Understanding Chargebacks
Did you know that the average merchant loses around 5.4% of their annual revenue due to chargebacks? So what can you do? Merchants who want to protect their revenues, merchant accounts and reputations must first take steps to understand what chargebacks are, why they occur, and how the process works.
Within this mobile-friendly guide, you'll discover:
- What a chargeback is, why they occur & how the process works
- Chargeback thresholds of the 4 major card networks & how to keep your chargeback ratio low
- The "true cost" of your chargebacks & how to fight back to protect revenues