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Its surely not a HUGE amount otherwise his chargebacks would really be a problem to you. BUT 80% chargebacks is WRONG WRONG WRONG! Something is not right there and he is scamming you somehow.
If its not that much and it surely can't be, if it was $2000 worth of signups and 80% chargedback I'd be called the damn police on his ass.
You could consider paying him the left over money that hasn't charged back if you want to keep things peaceful and without having to worry about him bad mouthing your name all over the place.
How much do you own him?
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