Quote:
Originally posted by Epoch
What if you had 15 cbks and 100 sales? Your cbk ratio is 15%
15 cbks and 1000 sales = 1.5%
if you have 15 cbks you must have at least 1500 sales to be compliant
Clay
EPOCH
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That's when you offer $1 per month memberships, $20 per year memberships, or another product. It would also be a good time to look into fixing your stupid chargeback ratios.
Your "protecting your customers" includes charging what 10 or 15% and holding reserves? How long do you guys hold reserves for because the only time I see people mention it is when they say they don't seem to ever get the reserves you hold.
Yes every good business should start out with 20 to 25% or more of their income being taken right off the top and the inability to move their customer list to a new processor to continue charges in case something happened.
Let's hear some straightshooting on this subject no?
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