Re:Newegg has a bit of a scandal on its hands
by Bluecobra on Wednesday February 16, 2022 @08:23AM
(#30359611)
This is true for Visa/Mastercard as well. I used to work in merchant processing and sat near the chargeback department and would frequently overhear conversations with irate merchants having to pay a $25 chargeback fee regardless of the outcome. This was almost 20 years ago so not sure if that fee has been lowered or got higher.
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Re:Newegg has a bit of a scandal on its hands
by rootsudo on Wednesday February 16, 2022 @12:10PM
(#30362550)
Higher, and more strikes per merchant would mean the merchant is drop. $25 is the minimum. 1% used to be the minimum for what was acceptable per monthly volume, but now it's much less, I've seen guidelines on risky categories go to .5%.