Hello there!
Thanks a lot for your review! We are happy you are enjoying our platform and services and we are grateful you took the time to give us feedback.
Regarding your note on chargebacks - a chargeback is the reversal of a financial transaction, typically raised by a customer (cardholder) who disputes a transaction made with their payment card. The amount of the chargeback is automatically deducted from your merchant account.
Once a chargeback has been initiated, 2Checkout acts as a mediator between the bank, the customer and you. You will receive a request for additional details regarding the transaction to help us defend the dispute against the bank. 2Checkout forwards all details received from you to the bank, adding further explanations if necessary.
Based on the evidence received from 2Checkout and from the buyer, the bank and the credit/debit card issuer offer a resolution to the dispute. The outcome of the dispute is based on a standard set of rules and regulations created by Visa/MasterCard and is always decided by the cardholder’s card issuer.
In order to lower the chargeback rate, you should:
- Offer clear, transparent pricing details in the cart;
- Send notifications to keep your buyers informed;
- Provide excellent customer service;
- Set a smart and clear refund policy or refine return & cancellation policies
- Reject refunds with caution and make cancellations easy
If you have further inquiries regarding the chargeback process, feel free to contact us directly at chargeback@2checkout.com.
Thank you for your understanding!