Quote:
Originally Posted by kesey
I get more returned online checks than charge backs. A "check" in this sense is when people allow you to debit their checking account. I'm thinking about not letting people pay with online checks anymore.
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I was thinking of the same thing a few years back, but I worked the numbers and talked to various processors about it. Returned checks have no effect on your CB % or ratio. So even though I had a high % of returns on the checks, about 60% were still real. I decided to let them roll on in, affiliates are deducted credit for when the check is returned, so it's not like I'm out anything extra.
There are some services I had though of looking into that will (for a % of what is recovered) go after charge backs and returned checks. However, I really have to wonder if the returned checks are real surfers matched with an account or if they are someone just typing in numbers.
Now that's my story
