Quote:
Originally Posted by faxxaff
A few people confirmed my experiences with a rising rate in charge backs over the past weeks. Consumers that file for bankruptcy will have all transactions of the past 6 months cancelled if they owe any money to their bank. You notice when you get hit with a number of charge backs on the same day. This applies to both, credit and debit cards. Banks can be mean, specially if bankruptcies are rising.
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Firstly, does anyone here have links to more information about this?...
Furthermore, chargebacks going back months due to bankruptcy isn't just an "adult" industry issue.
I regularly read the eBay message boards, and in recent months, there have been numerous complaints about past bank / credit card funded sales transactions, in which both buyer and seller were mutually satisfied, suddenly being canceled due to the buyer declaring bankruptcy.
Bankruptcy and chargebacks is a growing problem, but can't find much info on the subject.
Ron