Sentence examples for chargebacks by from inspiring English sources

It claims to handle transactions for roughly 90% of all online gaming sites and compensates for chargebacks by getting as much as 8.9% per transaction versus PayPal's 2.9%.

"Combined with no chargebacks by nature in Bitcoin, this provides significant savings to merchants who are paying 3% plus to credit card fees," the company notes.

The first step was to head off the chargeback by suggesting the developer give the complainers more in-game upgrades, like flaming swords.

VISA, MasterCard and others closely monitor what are called chargebacks, transactions disputed by cardholders.

Chargebacks can be caused by credit card fraud, such as stolen cards, or by "friendly fraud," in which customers order products online and then claim they never received them and ask for a refund.

Online merchants spend a lot of money on chargebacks, which are demands by credit card providers to reimburse for fraudulent charges.

In fact, in some parts of the payments ecosystem, fraud alerts are priced by volume, and chargebacks (refunds from merchants) are sources of revenue, creating perverse incentives within the industry to actually allow fraud to perpetuate.

No type of business is immune – the study also found companies both young and old, those that sell products and services, as well as those that conduct commerce online and in-person were all affected by fraud and chargebacks.

Other advantages include instant approval of merchant payment accounts, so that as soon as a store goes live on Shopify the payments engine is already in place, as well as chargeback recovery, which allows sellers to have a better chance of winning out during disputes since Shopify auto-generates full reports about the nature and specifics of chargebacks for any charges contested by consumers.

Operators will benefit as it eliminates chargebacks, which is usually dreaded by the online gaming operators.

A spokeswoman for Bank of America said it was bound by Visa and MasterCard regulations on disputed chargebacks, and, if the merchant has the customer signature accepting a charge, there's not much more it can do.