Q. Define chargeback fees in a high-risk merchant account?
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Define chargeback fees in a high-risk merchant account?

In a high risk merchant account, chargeback fees apply when a cardholder applies a chargeback or asks the bank to dispute the charge. Basically, it’s the money that consists of the administrative costs of processing the chargeback. Overall. High-risk merchant account fees may be twice as much as the fees that apply to low-risk merchant accounts. But, if you operate a business that processes many transactions daily, you can negotiate rates with a payment processor.


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Mar, 2022

Banking
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