1% Anxiety: When Chargeback Rates Can Be Higher for Subscription Sites

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For a while, paid content sites have been told to keep their chargeback rates below 1%. (Chargebacks, for those of you who don't know, occur when a customer calls their credit card company to say a charge was unauthorized--they are not cancellations or refunds.)It's a good-enough rubric, since high chargeback rates can get you flagged for merchant malfeasance by credit card companies. However, it may not be as applicable for niche publications.I recently spoke with leading payment processing exp...

 


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