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Question By vienna_boy
Viewed: 4,826
9 years 9 months ago
9 years 9 months ago
Are Credit Card charge back fees of $25 ultimate SCAM by Banks?
Topics:
Money, Finance, Banking
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We are a Merchant that accepts payments via Visa MC & Amex online. Now if the Sale is found to be fraudulent or the buyer for whatever reason wants the sale charged back, not is the Sale taken away from us, even though the Card processor had approved the sale upon which approval we delivered the goods to the buyer, on top of that the card processor charges us the Merchant an exorbitant Charge back fee of $25 per each charge back! So for example if we sold something for $19.95, not are we out the $19.95, but on top of that we are charged $25 for that Charge back which Charge back fee is shared by the Card processor and Big Banks behind Visa MC & Amex!

How can this be?
How can the Banks SCAM us the Merchants in such egregious manner?
How can we Stop this clear SCAM & rip off by Credit Car processors (Big Banks)?

Now it gets worse, that is Big Wall Street run firms such as Google, Amazon, etc. are not charged this charge back fee and this charge back fee is only applied to Small Business Merchants :(
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