Special Report on
E-Commerce and Chargebacks
E-Commerce and Chargebacks - Trends
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Say the word chargeback in a room full of Web shop owners, and you'll hear the proverbial pin drop. Chargebacksthe return of funds to a customer through the issuing bank are a headache for e-tailers. Chargebacks should be a consumer's last line of defense against merchants, or they should be used to reverse unauthorized payments if fraud or identity theft occurs. Unfortunately, some consumers use chargebacks as their first line of defense and initiate one before going through an e-tailers customer service. Also, a consumer can commit chargeback fraud by initiating a ...
I guess it is just not going to be a calming weekend for me eh? Nope, I am all worked up around the little ploy to make a HUGE increase in fees on Paypal. The official Paypal blog announces a new fee increase starting in August… Refund Prices – Starting August 10 , PayPal will retain the transaction fee (typically $.30) when a seller issues a refund (U.S. and Canada merchants). Chargeback Prices – Starting August 24 , we’ll be increasing chargeback costs from $10 to the typical industry rate of $20 (U.S. merchants only, eBay merchants enrolled in the PayPal Preferred program are exempt). Read More
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