Chargebacks aren’t good for anyone — merchant or consumer. Our below infographic explains why asking for a refund is always the best approach to take.
The 3 Reasons Banks Hold Funds
Your merchant account has been terminated. Whether you had too many chargebacks and/or refunds, unexpectedly low volume or whatever the case, it is an unenviable position to be in. To make matters worse, the acquiring bank through which you process credit card transactions, is holding the funds or reserve you have left until further notice.…