Quote:
Originally posted by Diamond Jim
It's still a chargeback....otherwise, $24.95 sites would have zero chargebacks....
You may work for Visa, but the dreaded envelopes that come in the mail are pretty clear about what a chargeback is...
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The $25 policy is at my bank. At some banks, it might be $10, $15 or $20.
A charge that gets written off by Visa is not treated as a chargeback. The merchant and acquirer is never aware of a written-off Visa charge.
Take Xpics or Netfill/N-biill for examples. Their chargeback ratio would have been double or more what it was if written-off charges were included.