|
|
|
|
|
|
by gethly
309 days ago
|
|
|
Chargebacks are indeed quite detrimental to merchants as they are the ones paying it. And if you have bad customers(maybe competition is trying to put you out of the business), you might get deep into red quite fast. Usually it is anywhere between 20 and 50 euros, which is crazy when it is just a reverse of the bank transfer which is the tech in the background. Like if you run a small online store and you sell 10€ items where you make a 5€ pre-tax profit, having a 20€ chargeback on such sale can be really dangerous. |
|
|
The point is it’s punititive to the merchant. You’re incentivised to avoid them pretty much at all cost