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Chargebacks cost e-commerce businesses billions every year, and a rapidly growing percentage of them are due to chargeback fraud. So, today we’re looking at what chargeback fraud is and steps you can take to prevent it. What Is a Chargeback? A chargeback is a reversal of a payment transaction by the issuing bank or payment processor, usually due to the customer disputing the charge. Some chargebacks occur as a result of the business allowing a....

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