Five Things to Do to Avoid Chargebacks

Five Things to Do to Avoid Chargebacks

The intentions of the minds behind the chargeback system were obviously the fairest. Nevertheless, the very system has soon become a great environment for fraud, losses caused by it reaching almost 1.5% of the total merchants’ revenue. While there are companies specializing in chargeback prevention, there are things you as a merchant can do yourself to prevent these losses. Why are chargebacks so attractive to fraudsters? Probably the answer lies in the very history of it. Originally, the chargeback procedure was developed in the 1980s, when credit cards were just…

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