The Real Cost of Chargebacks: Beyond the Transaction Amount

Fraud prevention - implementation of a strategy to detect fraudulent transactions and prevent these actions from causing financial damage, text concept button on keyboard

Chargebacks cost merchants far more than the disputed transaction value. For every dollar lost to fraud, businesses incur up to $4.61 in total costs, with some reports showing merchants losing 3.4 times the original transaction amount when all expenses are calculated. Understanding these comprehensive costs helps merchants develop effective strategies to minimize their financial impact. […]