Unauthorized payment from stolen Credit Cards or hacked Paypal accounts and … everyday gets many victims from all over the world. There's always one thing that can save them from drowning in the sea of fraud and that's nothing but chargeback. What about if you are a producer and wanna sell your products. Your happiness of selling all of your products lasts no long specially when you check your balance and see nothing but chargeback. Now both your money and products have gone? Lack of chargeback property in E-gold make it popular in the world but also make it a safe place for all kinds of fraud activities. What do think about it? Chargeback,advantage or disadvantage?
The ability to perform a chargeback is a nice option but of course, if the person has bad intentions then it may not be good in that case. Chargebacks aren't limited to only occuring after online transactions but also to retail/mom & pop establishments.
yes your right chargeback is good option but now many bad peoples use this trick to bring the money back and as well as keep the product.... i have suffer a lot because of chargeback.... and believe me chargeback sucks more then reversal because every chargeback have chargeback fees which is big amount.... the changeback fees can start from $15 USD to $50 USD or more depending on the amount...