New Guide Shows Why Chargebacks are No Longer a Cost of Doing Business
Every business has unavoidable expenses that affect the bottom line and are accepted as a cost of doing business, but should this be the case for chargebacks? Chargeback Gurus has released a new guide to show that many chargebacks are avoidable, and addressing them effectively can significantly improve the bottom line.
DALLAS, Oct. 23, 2018 /PRNewswire-PRWeb/ -- Chargeback Gurus, an industry leader in chargeback and fraud mitigation services, has released a new guide, Why Chargebacks are No Longer a Cost of Doing Business, to show businesses that many chargebacks are avoidable, and addressing them effectively can significantly improve their bottom line. Chargebacks are growing at an estimated rate of 20% per year, clawing back nearly $4 billion in annual revenue. Left unchecked, businesses can see up to 40% of revenue lost to fraudsters and unhappy customers.
The guide covers the financial impact of chargebacks, consequences for not fighting them, what options companies have to handle them most effectively, and how to measure true return on investment from chargeback management. "In every business, there are unavoidable expenses that affect your bottom line," said Suresh Dakshina, President of Chargeback Gurus. "You wouldn't pay them if you had the choice, but you just have to accept them as the cost of doing business."
Many businesses view chargebacks as one of these costs you just have to live with, but according to Dakshina, "That's a category error. The purpose of this guide is to show that many chargebacks are avoidable, and you don't have to accept them as another cost of doing business."
About Chargeback Gurus:
Chargeback Gurus provides comprehensive management solutions to help businesses recover lost revenue from chargebacks and fraud. Their chargeback representment and prevention services take the pain out of chargeback management and deliver true ROI for clients.
Chargeback Gurus' proprietary FPR-360™ tool with Root Cause Analyzer™ looks at over 40 different data points to identify business vulnerabilities and prevent up to 50% of chargebacks. Their Smart Chargeback Representment™ Process combines automation, data analytics and expert analysts to help companies recover up to 70% of chargebacks.
Visit https://www.chargebackgurus.com to learn more.
SOURCE Chargeback Gurus
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