Yes!! It’s true to have a balanced business one needs to be calculative and surly on toes. The merchant never knows from he gets an attack, so to dodge that he needs a proper shelter and protection against that and need to have a proper strategy to fight against that.
Chargebacks are a natural process which an enterprise faces but still on more than the limit. So, to maintain that every merchant has to go through the chargeback ratio management and its rate.
What Is Chargeback Ratio and Chargeback Rate?
Chargeback Ratio of a number of chargebacks to a number of transactions in a span of a month, which is calculated by the Ceo of the company. And then, we multiply this chargeback ratio with 100 and get the chargeback rate. In order to run a profitable business, the merchant should know about the Chargeback ratio and Chargeback rate, and try to reduce the number of chargebacks and the chargeback ratio as a whole.
Higher the ratio higher the risk. The chargeback of each merchant is inspected on a monthly basis.
How to calculate?
Formula:
Chargeback Ratio = No. of Chargebacks in a month/ No. of Transactions in a Month
Chargeback Rate = (No. of Chargebacks in a month/ No. of Transactions in a Month) *100
Maintenance of the chargeback
If you wish to avoid any penalty, you need to maintain a minimum ratio. For that, you can follow these steps.
• Calculate Dispute Ratio to avoid Chargebacks
• Maintain a healthy relationship with your customers
• Get as much knowledge about the chargeback as possible
• Keep your products and services genuine
• Deliver on time
• Get an expert to handle the chargebacks
Chargeback expertz
Chargebackexpertz well the name justifies it well. Chargeback expertz deals with many chargebacks dispute every day and it has a well-experienced hand. So not to worry at all. We give heal the wounds soon. Call us at
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