See The Real Face Of Chargeback Guarantee
Guarantees are the most sought-after feature people look for in sales, and when a Chargeback guaranty is given upon a merchant account that’s more of what the merchant has asked for, but how it is showcased may be a facade.
Chargebacks are never cured completely 100 %. It is not like a chargeback alert service but more like reimbursement to you when a chargeback like an insurance policy hits you.
The chargeback ratio for a high-risk business is different and cannot be given a 100% risk-free environment to a merchant. Issuing chargeback guarantees breaks the bond in between partnership from the merchant to the customer, merchants want to maximize accepted transactions and minimize the chargebacks.
3 cases where the chargebacks are reimbursed by the chargeback solution provider.
1. The chargeback reimbursed is greater than the fees charged.
2. The chargeback reimbursed is equal to the fees.
3. The fee is higher than the chargeback reimbursed.
Let’s discuss the cases in detail.
Case 1 and 2
The chargeback reimbursed is greater than the fees charged.
Unsustainable the situation for a merchant and a merchant should be aware of their fees are increasing at some point.
Case 3
In this case, it's more than clear that a fraud prevention company is keeping refusal rates at maximum levels, which is costing the merchant more and increasing their revenue directly.
Keeping these things apart from their few benefits for the merchants who are into small e-commerce merchants, retail merchants, startups and merchants, processing for high margin goods.
If your fraud prevention vendor spends on refunding many chargebacks, they have every odd in their favor to decrease their frequency – even by risking more false positives.
Chargeback Expertz
Chargeback Expertz gives you alerts in advance which acts as a notice in prior. To know more, call us anytime at the toll-free number i.e. +1 855-465-4723 or visit chargebackexpertz.com for the same.
