Average Chargeback Rates: How Does Your Business Compare?

Cassi MatthewsChargebacks18 Comments

Chargeback Rate

Your chargeback rate can enhance or diminish your business. It’ll depend if your rate is near the ‘high-risk merchant’ benchmark. That affects how many credit card processing companies will work with you. It even affects the charges you receive from these companies. In addition, it gets worse if you don’t manage chargebacks well. One solution is equipping merchants for real-time dispute resolution. That’s one of several features the Chargeback App provides to merchants. Another solution is knowing … Read More

Top 10 Reasons for a Product Return

Cassi MatthewsCustomer Service17 Comments

Top Reasons For Product Returns

Let me first say this: a product return isn’t necessarily a bad thing. I say that with confidence…and it’s based on a six-year study from the University of North Carolina’s Flagler Business School. The study was done in 2009, but it’s still groundbreaking today. After all, the school looked at the return rates from various companies. And it turns out that there’s actually a “sweet spot” that equates to higher profits per customer sales. One company … Read More

Stop Right There! You’re Way Over the Limit – Over Limit Reason Codes

Cassi MatthewsReason CodesLeave a Comment

Floor limit reason codes

As I was going through some of the chargeback reason codes, I began thinking about floor limits. Most of us know what a floor limit is on a base level, but I thought digging a little deeper into it would help us understand the chargeback reason codes that relate to floor limits specifically. According to InvestorWords.com a floor limit is: the maximum amount the merchant can charge to the buyer’s card without getting authorization. For a charge … Read More