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The Financial Benefits of Mastering Chargebacks
Effectively managing chargebacks can lead to significant financial benefits. By reducing the number of chargebacks, businesses can save on fees and penalties imposed by credit card networks. Additionally, recovering lost revenue from disputed transactions directly boosts the bottom line. For example, a survey by LexisNexis Risk Solutions found that businesses could save $2.40 for every $1 spent on fraud prevention measures3.