Re: Transfers: A bit of an explanation

From: !Dr. Joe Baptista (baptista@pccf.net)
Date: Mon Apr 03 2000 - 04:54:49 EDT


On Mon, 3 Apr 2000 sys@zanmai.com wrote:

> Wouldn't it be nice if, in this thread especially, only those
> businesspersons who have had direct, actual experience with CC chargebacks
> and theft/fraud loss
> reply ... and the dreamers and perfect-worlders keep the delusions to a
> minimum.

The goal is to reduce chargebacks and the "cost of doing
business". Variable costs like chargebacks remain steady with
volumn. The trick is not to account for them - but eliminate them
altogether.

If you do you own credit card sales your at greater risk then if you
subcontract the credit card sale. I use www.ibill.com. They maintain a
tracking database of abusive chargebacks which lowers your risk and
exposure, which i think is the aim here.

Regards
Joe Baptista



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