Chargebacks Are Destroying Small Businesses (Here Is How to Fight Back and Win)

A customer buys your product or uses your service. Then they call their credit card company and say they want their money back. That is a chargeback. And if you do not know how to fight it, it will destroy your margins, your reputation with your processor, and eventually your ability to accept credit cards at all. In this clip from Episode 79 of Start It or Scrap It, we cover chargebacks, the difference between a refund and a chargeback, a cabinetry company losing $80,000 per year, a retailer who lost $3,600 in shoes to an overseas fraud transaction while she was on vacation, and the two major insurance and legal traps that catch small business owners who use subcontractors. Guest: Rick Millham Jr. CIC, Millham Companies Inc, Doylestown PA Hosted by Mike Terkanian (business attorney) and Gummi Sigurdarson Watch the full episode:    • What Business Owners Get Wrong About Insur...   Follow Start It or Scrap It: Instagram:   / startitorscrapit   TikTok:   / start.it.or.scrap.it   X: https://x.com/StartItScrapIt LinkedIn:   / startitorscrapit   #chargebacks #smallbusiness #entrepreneur #startitorscrapit #ecommerce #workerscomp #contractors #founders #businesslaw #creditcard