Art and Design Online Blog

A chargeback can hurt your business

July 10th, 2009

It is very important for a business owner to keep all records if they would like to avoid chargebacks with their merchant account.  A business owner must retain all copies of invoices, receipts and documents to protect yourself and all parties involved. When shipping commodities online the merchants must protect themselves and provide tracking information to your customer to avoid any misunderstandings. You must try to stop chargebacks completely and avoid having to deal with your issuing bank and sponsored banks. There are many instances where your account can be cancelled and will become nearly impossible to open another one without paying some very high-risk fees.

Entry Filed under: Business