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Nov 28, 2018·A credit card dispute—commonly known as a chargeback—occurs when a customer’s issuing bank overturns a transaction. Of course, the effect of the dispute goes much further than just the loss of sales revenue. Learn when customers are entitled to a dispute, when not, and what you can do to prevent unnecessary losses.
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A local pizza joint by me is using a new accounting trick to charge a 15% premium on all credit card users. Essentially, there is a 3.5% fee for credit cards, which I’ve noticed is trending in a number of restaurants now, and is something I’ve grown more amenable to given that one, my 4x back on my Amex Gold more than offsets that and, two, I do feel badly for small businesses having to ...
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