Chargeback?s on Checks?. What?s the deal?
 

OK, my chargeback ratio for ccbill on checks is outta control! Is you % on chargeback's high? I'm in a range that is not cool, and was wondering what everyone else was doing as far as chargeback's on checks are!

We jump between 10-20%...To me that seems really high! Opinons please! :helpme

78% will be fraud

77.9 dont lie :winkwink:

You are aware that there is ZERO security on online checks, right? If you know someone's bank account number, and the other info that can be found on any check, you can do an online chekc transaction. Of course chargebacks are high! I stopped accepting them ages ago, and overall revenue went up.

:2 cents:

all you need is a routing number thats it you can make the account number up its scary

Wow. That really is fucked up. So I can make up a random account number, as long as I know the routing number of any bank? That's so cool. Free site memberships, here I come!

ok say you have an account with bank ABC you know the routing is

123456789

and account number is

10231231231231

All you do is make sure you create a fake account number with the same amount of digits, thats the only thing the DB of the billing companies check.

Grimshawn........ Talk to my boys over at WTS. They will give you a better perspective.

[email protected]

:)

Escort thanks for all the help man!

Jason, thanks man i'll look into it!

Escortbiz,

We use Starcheck (and other verification filters) which helps stop the type of fraud you have mentioned above. It works with approximately 50% of U.S. checking accounts. Starcheck gets nightly reports of the actual account #s and whether those accounts actually had a positive balance during the repoing time the night before. I believe WTS uses it as well. We are working on a new verifications sytem that will actually reserve the funds on realtime but it is a bit away at this point.

Interested?

Mitch