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What Do Chargebacks Mean For Your Online Business?

Chargebacks and online businesses

A chargeback – a kind of refund in which the buyer prompts his or her credit card company to forcibly transfer money away from a seller – is a major obstacle for modern merchants. Whether the buyer demands a chargeback because of customer service objections, the product they received was not what they expected, or even a case of identity theft, the merchant is the one who will ultimately lose whenever a chargeback is initiated. How Do Chargebacks Directly Affect Your Business?

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