Reality Check For 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. Issuingchargeback guarantees break the bond in between partnership from the merchant to the customer, merchants want to maximize accepted transactions and minimize the chargebacks. The chargeback ratio for a high-risk business is different and cannot be given a 100% risk-free environment to a merchant. The chargebacks, which are reimbursed by the chargeback solutions providers, can be classified in three cases: 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. Instance 1 or 2: The unsustainable situation for a merchant and a merchant should be aware of their fees are increasing at some point. Instance 3: In th...