Have you ever heard the term “chargeback” and wondered what it really means? If you’re a merchant, this concept is crucial for you to understand. Chargebacks can dramatically impact your business’s bottom line, but with the right knowledge and tools, they can be managed effectively. In this blog post, we’ll explore the chargeback meaning, the … Read more
Chargebacks are more than just a financial nuisance—they can impact a merchant’s reputation and disrupt cash flow. With an average net recovery rate significantly lower than expected, around 9% to 12%, mastering chargeback recovery becomes crucial for sustaining business health. In this post, I’ll guide you through effective chargeback recovery strategies using data-backed insights and … Read more
Introduction Chargebacks can feel like a punch to the gut for businesses. Simply put, a chargeback occurs when a customer disputes a transaction, leading their bank to reverse the payment. This can stem from various reasons, such as buyer’s remorse, fraudulent activity, or even transaction errors. The fallout isn’t just about losing revenue. Businesses also … Read more