Does a chargeback hurt your credit?

07 Jun 2022 By PAYCEC

Chargebacks, fortunately, will not have a negative impact on your company's credit score. However, if you have a large number of them, they may have an impact on your merchant account. Higher processing fees and/or the loss of merchant accounts may result as a result of this.

If a chargeback is determined to be friendly fraud by the bank, the cardholder may be penalized or their account may be canceled. The cardholder's credit score may worsen if their bank account is canceled due to chargeback abuse.

In some circumstances, Merchants might raise their pricing to compensate for chargeback fraud, which damages all consumers.

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If you need further assistance or answer, please don't hesitate to contact us.

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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