Chargebacks - How do you handle them?

[eojo2401]

Despite the fact that charger back is good to protect bank customer but some bank will not investige to really sure whether there is a need to execute charge back on customers' account, they will just go ahead and do the charge back and some bad people are now using that opportunity to defraud innocent people.

 

[Abisola]

Step 1: Identify the Source. When a cardholder files a chargeback, the issuer attaches a reason code to the transaction. ...
Step 2: Engage in Tactical Representment. Astoundingly, as much as 86% of chargebacks result from friendly fraud. ...
Step 3: Prevent Future Chargebacks. ...
Step 4: Get Long-Term, Professional Help.

 

[Sheun450]

If your business is processing transactions that are legitimately unauthorized — the result of criminal activity — you'll want to use a pre-sale fraud detection tool to help stop those purchases from happening. But if ..

 

[Marissa]

Charge back is the refund of money back to the buyer of a products .it's a very frustrating experience for merchant and you feel pained, as a shop owner nothing can be done, other than when next you are transacting ensure you don't give room for that.

 

[Nurudeen]

I think the best way to handle this kind of situation is just to make sure all products are in good shape or conditions because if they are in good shape no buyer or customers will say he or she wants to return the product they but

 

[mubinadaddy]

Charge back is good in one aspect and bad in another aspects while because some people are now using it to get money back even though the transaction is successful or not they will still go back requesting for charge back.

 

[Sunnytee]

Changback in a business Is negative sign in business whereby lost occurs in business account. It is good to have insurance in business for back up in business. In any business there must be backgroun backup to support business in any emergency needs.

 

[adeniji]

normally chargeback do occur when doing business because cold of business is neither you loss or you gain and their must be a preparation for business down fall and it is good to have plan B in a business in other to go for the second plan if their is chargeback in a business.

Post automatically merged: Feb 13, 2021

This is one of the business disadvantages where by before starting business, their must be backup for business before going in to it. If their is loss in business, the backup that as been prepared for the business will make the business return to is normal position.

 

[Dorcey]

1. Step 1: Identify the Source. When a cardholder files a chargeback, the issuer attaches a reason code to the transaction. ...
2. Step 2: Engage in Tactical Representment. Astoundingly, as much as 86% of chargebacksresult from friendly fraud. ...
3. Step 3: Prevent Future Chargebacks. ...
4. Step 4: Get Long-Term, Professional Help.

 

[Bagg victor]

make sure you deliver the right profit for your clients. Don't clone quality profits and sell fake products at the end to your clients. That will put your profit end, and business reputation in geopardy.

 

[Kinglegend01]

Yeah cashback is something that that is inevitable in any business no matter how hard you try to avoid them. The best solution to them is for you to make research about the major causes of cash backs in the business type you are going into and try to prevent them.

 

[btaliat]

This is one of the numerous illegal activites that banks use in getting their undue money at the expense of the customers. When goods are returned and my payment reversed. I do think it is pertinent for the banks as well to return the charge back but most of the time, they don't do this.

 

[Hasan Raza]

Charge back is the discount of cash back to the purchaser of an items .it's a baffling encounter for shipper and you feel tormented, as a retailer there is no hope, other than when next you are executing guarantee you don't give space for that.

 

[Thosynho]

Charge back is the refund of money back to the buyer of a products .it's a very frustrating experience for merchant and you feel pained, as a shop owner nothing can be done, other than when next you are transacting ensure you don't give room for that'

No business person or entrepreneur love chargeback in transaction. Most often, it does not favour the seller or business owners and some buys use this as opportunity to leverage on the producer or seller of the products. It's indeed a frustrating thing to experience.

 

[Cybersec]

According to my information chargeback range is $15. Anyone who gets chargeback’s directly affected on your work and it’s really awful. Too many charges back mean your business is at the edge of the end. You can file via MasterCard which is some sort of unusual era. If any purchaser files, the chance of a win is very low. The companies over and over again in support of the purchaser, I must say no way of escape.

 

[Marfav]

Chargeback is the return of money back to the buyer of goods. For a retailer, it's a really stressful feeling and you feel pained, nothing can be done as a business owner, except when you next transact to make sure you don't give space for that. The seller should always strive to provide quality goods according to the customer's requirements to prevent chargeback; this will help develop his reputation.

 

[Abu4exel]

Charge back is the money pay back from transaction made between the buyer and the seller. This money is charged by bank for the payment made the buyer.

 

[Ivana]

When it comes to selling the products online a lot of times products are returned and your credit card is reversed for the earned money. And so the chargeback appears on the card or the bank account. And in such case your reputation between the payment processor too gets damaged. So as a good shop you have to plan for the chargebacks.

How do you as a shop owner handle the chargebacks?

refund to customers is OK, they return the goods and of course they will ask for a refund that will be paid to their accounts ..for traders and it is not a successful transaction because it is demanding paperwork and they lose for sale

 

[James]

If you have good customers service and high quality product than It shouldn't be big issue but chargeback is very common as customers often do fake chargeback or use stolen card details. So better use PayPal as merchant which helps little bit better than dealing directly.

 

[FreshKaz11]

At first you have to be sure and certain of what you are about to buy or sell, because if you are not sure of yourself is either you are been scammed or you scam someone else in there. But in a situation where by you are been legit and you want to purchase something on a platform,and the moment you paid and the seller don't want to release what you paid for,you call the attention of the site admin to rectify what's going on at that moment,by you doing that and the situation get settle, it won't spoil your reputation on the site.

When it comes to selling the products online a lot of times products are returned and your credit card is reversed for the earned money. And so the chargeback appears on the card or the bank account. And in such case your reputation between the payment processor too gets damaged. So as a good shop you have to plan for the chargebacks.

How do you as a shop owner handle the chargeback