Comment by jaredtn
6 years ago
Credit card chargebacks really hurt, and are the appropriate response to a situation where they continue to take your money.
6 years ago
Credit card chargebacks really hurt, and are the appropriate response to a situation where they continue to take your money.
This is the more punitive action, and I will note that a credit card company will side with you as long as you made a decent effort at canceling. I considered it when I waited 3 hours for a chat without a response, but ended up doing the PayPal way because it required less dealing with a bank in this time of Covid-19 delays.
Most companies pay about $15 per chargeback (independent of if they win or not).
Especially for low value things, even a few percent chargebacks will be really costly.
Source:. Was selling $1 physical items online... The business was profitable until a few percent of packages started going missing in the mail, and rather than contacting us, customers would just chargeback, forcing me to double the price of the service.