I just posted a GID Community blog entitled: It's My Merchandise and Services, It's My Money, or Is It?.


Please let me know what you think.

Chargebacks are what keep merchants honest. If they exceed 1% in tickets or in volume, the account could be terminated.

For example, a high risk company had a $20M dollar security deposit with their processor. Then they took in $50M in sales, closed their doors, and kept $30M above their deposit, burning their processor.

$30M!!

Unfortunately, some processors will block the account of honest merchants, very honest merchants, for no reason at all. And, they don't accept the documentation of the merchant that well proves the merchant sent what was sold.

Some customers and competitors burn merchants by fraudulently using chargebacks. These also are tracked.

Hope it's been of good info to you.

Kind of difficult to give this blog post any credibility when it seems designed only to promote the poster's own services.