ChargebackProtection project was created by a group of American
e-commerce companies. After several days of discussions,
they decided to set up a system to address the problem of
chargeback abuse and minimize the related economic losses.
ChargebackProtection service allows merchants to search
a database of shoppers who have requested chargebacks in
the past. Merchants can also submit data on people who have
requested chargebacks on purchases at their own stores.
you can also report Chargeback
Threats (Added Dec-14-2006)
Abuse filling examples
is a chargeback?
A payment dispute initiated by the cardholder with their
credit card issuing bank.
The amount of the disputed transaction is immediately withdrawn
from the merchant's bank account. Chargeback is usually
generated when a cardholder disputes a transaction because
of one of the following criteria:
- Non fulfillment of product or Service
- Un-authorized purchase
- Product/service expectations not met.
Chargeback is not like fraud since customers are authentic
and they bypass all fraud verifications. You need a special
tool designed to detect chargeback abusers. Simply by using
the service you will be deterring chargeback abusers. And
by querying the database you can make informed decisions
and minimize risk and economic loss.
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