For any business owner that accepts payment through credit cards, a proactive plan to deal with chargeback is a must in order to reduced the risk our account to be closed by merchant. And to be reduced the costs caused by chargeback.
Chargeback usually occurs in various reasons, like failure to receive products within time, or dissatisfaction about products, misrepresented products and many more. Whatever its reasons, chargeback would cause loss for a merchant.
For this purpose, chargeback protection is required. It won’t stop any chargeback but it would help our financially whole if a chargeback occurs for our business.
This is like an insurance. While chargeback occurs, we just claim it to the chargeback company. While customer makes a purchase, the purchase information would routes to chargeback company. Once it was approved by chargeback company. It would passed to gateway payments or banks. With this, we can still use our current payment processing. And if chargeback occurs, we will be covered by the chargeback company. For this services, usually a flat rate or small percentage fees will be applied for every transaction.

Beside using chargeback protection, I’ve found another way to against fraud chargeback from chargebackguide.com. They claimed have another guide to fight against chargeback. With small fees, only $19.95 we can get information about chargeback guide, even we can get information that the merchants won’t tell us. If anyone have experience with them, please share your experience here.
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