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A chargeback is a relapse of a payment amount by the issuing bank or online payment processor, generally because of the customer debating the amount. Some chargebacks happen because the online business enables fraudulent payment processing to go through. Businesses have assessed a price for every chargeback, actually for those that are changed. If a business determines to challenge a chargeback, they naturally go via a long conflict procedure. If the conflict process leads to a profitable order for the consumer, the business must refund the buyer for the cost
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An ultimate guide to Chargeback frauds https://webpays.com/an-ultimate-guide-to-chargeback-frauds.html
An ultimate guide to Chargeback frauds Chargeback fraud occurs when a customer knowingly files a dispute on a legal online payment through the issuing bank or payment processor, directing to a chargeback. Behind making a chargeback fraud, the primary goal is to get a refund when keeping the product or service. They will submit a valid reason for disputing a legal online payment processing. For example, they might say that they have never received the product or that the product they acquired was not right or as specified on the website. However, this is vital to get a high-risk payment gateway Europe from a payment service provider that delivers advanced fraud prevention features. And WebPays will be the right choice, we will help you in preventing a high chargeback ratio with our fraud prevention measures.