Top 4 Reasons Merchants DON’T Fight Chargebacks
Chargebacks are an issue for just about everyone in the eCommerce space. Most online businesses will at least see the occasional chargeback, while some merchants are hit so frequently, they're in immediate danger of losing their card-processing privileges. Most eCommerce merchants fall somewhere in between those extremes.
If current industry trends hold, the direct cost of chargebacks could easily top $35 billion in 2019. But if that's the case…why do so few businesses take chargebacks seriously?
When we look at 2018 earnings calls, no large companies even mention chargebacks as a concern. Similarly, small- to medium-sized businesses often allow obviously illegitimate chargebacks to go unchallenged. But why? Why don’t they step up and fight? Or even better, take action to prevent chargebacks from happening in the first place?
Here are four common reasons merchants don’t see chargebacks as a problem…and why that’s a big problem on its own.
At Chargebacks911, our superior identification capabilities allow us to trace all disputes back to one of three key sources: criminal fraud, friendly fraud, or merchant error. We can then deploy the right strategy for each risk source, producing the industry’s most comprehensive chargeback mitigation solution--all backed by 100% ROI guarantee.
STOP accepting chargebacks. STOP ignoring chargebacks. START recovering your revenue and protecting your business.
Ready to see what Chargebacks911 can do for you? Click below and set up your demo today.