Quote:
Originally posted by psyko514
When a chargeback is done, the merchant has a set amount of time to respond to the chargeback request, depending on the type of chargeback. The entire process can indeed take 60 days or more if the merchant waits until the last minute to file/send the proper documents or if they decide to contest the chargeback.
However, IPSPs do not bother to contest the charges and a chargeback is issued immediately. Unfortunately, it's simple not cost-effective, and nearly impossible as well, for an IPSP to contest a chargeback.
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Interesting, didn't know that. Great info.