Chargeback Free Solutions Take Center Stage at 2000Charge®
Alternative Payments company 2000Charge.com reports that chargeback free solutions are becoming increasingly more popular as merchants are looking to minimize their risk. We have found that new clients want payment solutions that do not expose them to financial losses due to chargebacks, while existing clients are seeking methods to lessen or totally eliminate chargebacks.
It is not a surprise that merchants are attracted to chargeback free alternative payment solutions, as it is not only the inconveniences that come with chargebacks, but also the additional fees. Unlike chargeback free solutions, traditional billing solutions often require that reserves are held, sometimes of ten percent or more of sales, which can tie up a significant amount of cash that the business otherwise could have used for cash flow purposes.
Managing and processing chargebacks or any type of reversal can be expensive and time consuming. Often fees are also imposed for non-sufficient funds or invalid transactions and with a chargeback the merchant may have to post funds equal to the transaction amount until the disputed transaction has been resolved, often after a lengthy investigation. Unfortunately, more than often the client is king and the merchant loses out.
In addition to paying penalty fees, merchants also run the risk of losing their merchandise for non-payment. Especially merchants that have high-ticket items or merchants that physically ship product do not wish to run the risk of loss and are adding our risk free solutions. 2000Charge offers an array of chargeback free billing solutions that guarantees the merchant their funds with no reserve requirements.
Contact us at sales@2000charge.com
2000Charge® – the Leader in Alternative Payment Solutions
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