The report, sponsored by Verifi* (a Visa Company), went on to estimate that two-thirds of that cost is being borne by merchants. Further, for every $1 disputed, they estimate that merchants are incurring costs of more than $1.50.
Customers are increasingly unwilling to wait for a full customer service enquiry and are turning to the chargeback process as a replacement. Defending your chargebacks is more and more important to protect your business.
If you would like to hear how chargebak.com can help you monitor and defend chargebacks and disputes then register below now. A member of our team will be in touch.
* Reference The Chargeback Triangle – Verifi