
Chargebacks: What They Are & How to Prevent Chargeback Fraud
Chargebacks can be a real headache for businesses that accept card payments through a merchant account. If you’re unsure exactly what a chargeback is or how it affects your business, you’re not alone. Understanding chargeback meaning is crucial because disputes can lead to lost revenue, extra fees, and even account restrictions. In this guide, we’ll define chargeback clearly, explain how chargeback fraud happens, and share practical strategies to prevent it. Plus, we’ll cover why maintaining a low chargeback ratio is essential for your business’s financial stability and reputation.