Re:Why are chargebacks such a big concern for payment proces...
by smarri on Wednesday June 30, 2021 @06:45PM
(#27694391)
High volumes of chargebacks are an indication of fraud which is a larger issue than the fees. Especially if a processor uses a big bank to use the payment rails, the bank will monitor fraud levels of the processors and will exit a processors business altogether if it's too high, meaning the processor is out of business. That's why processors won't work with high chargeback risk businesses, keeps the average low.
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