Nate Smith: Man of Many Talents (and Interests)

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Nate Smith CTO

Nate Smith first learned to program computers during grade school. An early academic foray into computer science resulted in two published technical papers. Later, Smith was surprised to discover that he found programming “in industry” more fulfilling than academia. Since finishing his degree in computer science, he has created software in diverse industries, from factory automation to payment processing. As Chargeback’s CTO, he handles the technical aspects of the company. Right now, that mostly boils down … Read More

Dave Wilkes: Always Taking It to the Next Level

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Dave Wilkes CEO

Dave Wilkes is all about pushing himself to take things to the next level. He believes if you don’t challenge yourself then you’ll get stuck, and that the more you challenge yourself, the better, more capable and more talented you become—which is probably why he’s founded and co-founded six different companies throughout his career. Wilkes has dedicated the last 20 years of his life to the payments industry. He started out with a company called ProPay … Read More

Average Chargeback Rates: How Does Your Business Compare?

Cassi MatthewsChargebacks27 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 Service22 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

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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 a floor limit is: the maximum amount the merchant can charge to the buyer’s card without getting authorization. For a charge … Read More