Chargebacks are something every money transfer operator has to live with. There are many reasons why chargebacks occur. Nefarious minded customers, genuine fraudulent use of one’s banking credentials, spousal/partner error (one person does the transaction, the other was doesn’t recognize the charge and files a chargeback), etc.
This short video address why the 120 Days for Credit Card and 90 Days for ACH chargebacks periods cannot be eliminated.
This page was last updated on June 16, 2020.