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Helping e-commerce with those pesky chargebacks

Helping e commerce with those pesky chargebacks
For anyone not in the e-commerce space, the chargeback concept might sound foreign. Essentially what it means is that if a fraudulent credit card transaction is disputed by the true cardholder, the vendor that made the charge has the funds reversed.
Which is bad if the physical or virtual goods have already been sent — the vendor is down the goods, and doesn’t have the payment.

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