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0 points1337Coder12y ago0 comments

Oh yes you are correct.

In this case the merchant only loses the cost to the vendor ($7,000). Good catch.

0 comments

dminor12y ago

Typically there's also a fee imposed by the bank for having a chargeback.

Standard is $25, but if you are a big merchant it could be lower.

j / k navigate · click thread line to collapse

0 points1337Coder12y ago0 comments

Oh yes you are correct.

In this case the merchant only loses the cost to the vendor ($7,000). Good catch.

dminor12y ago

Typically there's also a fee imposed by the bank for having a chargeback.

Standard is $25, but if you are a big merchant it could be lower.

j / k navigate · click thread line to collapse