Tag Archives: Chargeback fraud

Consequences of A High Chargeback Ratio- Part 2-How To Fix It

Most businesses and business owners do not realize that more than 80% of claims filed for a chargeback are attributed to “friendly fraud”. In other words, only about 20% of chargebacks claimed are due to actual theft and use of stolen credentials. However those numbers have been increasing and especially with companies who make it […]

Consequences-High Chargeback Ratios Part 1

As a business owner accepting payments you have probably heard the term “chargeback ratio” and may even be aware of what it means for your business. IF you happen to be operating in the Ecommerce realm you are most likely highly aware of the dreaded chargeback and the ramifications a high ratio can have on […]

Friendly Fraud- A Manageable Evil

Friendly fraud and chargeback fraud is so common these days you might think it’s just a necessary evil when running a business. Chargebacks are every business’s worst nightmare and chargeback fraud costs eCommerce businesses billions of dollars a year. Loss of sales revenue aren’t the only costs. There are also fees associated with each chargeback […]