What are chargebacks and how to prevent them

Chargebacks were introduced to offer consumers an easy way to dispute suspicious transactions and to protect them from payment fraud. But for businesses, chargebacks can put revenue at risk, especially as friendly fraud becomes more common.

Although chargebacks are a part of doing business (and a good sign that your risk management strategy isn't overly strict), there are ways to reduce them.

This article will explore what chargebacks are, how the process works, and ways you can prevent and respond to them.