Chargebacks have long been a thorny issue for merchants. And as transactions become increasingly digitized, chargebacks have in turn become more prevalent. They not only represent a loss of revenue but can also incur additional fees and damage relationships with payment processors. The rise of...
Researchers estimate U.S. eCommerce companies lost $6.7 billion due to fraud in 2016, and a significant portion of that stems from chargeback fraud. According to LexisNexis Risk Solutions, chargeback fraud accounts for 28 percent of all fraud that occurs at an eCommerce company, tied for...
For many, the New Year is a time of new beginnings, and an opportunity for a clean slate. But recent research from payments company WePay finds most small- and medium-sized businesses in the U.S. will step into 2018 still chained to cash flow problems from...
March 14, 2024
Chargebacks have long been a thorny issue for merchants. And as transactions become increasingly digitized, chargebacks have in turn become more prevalent. They not only represent a loss of revenue but can also incur additional fees and damage relationships with payment processors. The rise of eCommerce has seen an uptick in chargebacks, making it crucial […]
