Chargebacks only part of the picture

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CyberSource has historically asked merchants to estimate the percent of orders they accept that later turn out to be fraudulent, including those orders charged back through the banking system as well as any direct credits or reversals they issue. According to merchants in 2006, fraud chargebacks only represented 35 percent of the fraud they experienced, while 65 percent were handled at the merchant level through reversals or credits to the consumer.

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There are many tips to avoid chargebacks in your online business plus these fraud chargebacks can be checked too . If you have been long enough in the online business, then for sure you have experienced some fraudulent transactions on your system. The majority people notice that their credit card was stolen at a later stage, so what they do is that they call their bank, and they cancel all fraudulent transactions. Unfortunately, almost all of these cancelled transactions, however, were processed on legal online stores, like yours.