Slash Refund Losses With Expert Chargeback Management Services
The Impact of Chargebacks on Businesses
Chargebacks can have a profound impact on a business's bottom line. Not only do they result in lost revenue, but they also come with additional fees and penalties from payment processors. According to a study by Javelin Strategy & Research, chargebacks cost merchants over $31 billion annually in the U.S. alone1. Furthermore, excessive chargeback ratios can lead to higher processing fees or even the termination of merchant accounts, making effective management crucial for financial stability.