August 1, 2008, Newsletter Issue #157: Reverse charges: chargebacks from ecommerce sales.
Tip of the Week
When a charge gets disputed by the cardholder, it is "charged back" to your e-store merchant account from the cardholder's bank; hence the name Chargeback. Once a cardholder makes a request for a chargeback, the credit card processing agency will make an inquiry to find out both sides of the story. Depending on your online business, you may see a lot of chargeback issues or very few. If the ecommerce credit card processing agency agrees with the chargeback, you will have your account debited the cost of the original charge. As long as you stay legitimate, there's no reason to believe chargebacks will become a problem.
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.
| Guru Spotlight |
| Jolyn Wells-Moran |
