Imagine getting a charge for an online purchase that went wrong. Worse yet, not being informed when money is withdrawn from your business account. These are some of the effects of chargeback that can well be avoided.
Since the introduction of chargeback some years back, numbers indicate that more merchants suffer loss from it; 60% in 2019 to 80% in 2020. What does chargeback mean to you as a business owner? Can you keep your business safe from it? If these are some of the questions on your mind, this blog post seeks to answer each one of them. Here's what you should know:
What Chargeback Means to You
Chargeback means a decline in your business and some frustration on your side. Clients don't always play nice, so when it comes to protecting your image and establishment, leaving nothing to chance is the way to go.