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DeepNewz, mobile.
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“Last year, consumers disputed about 105 million charges with credit-card issuers in the U.S., worth an estimated $11 billion. That is up from $7.2 billion in 2019….” https://t.co/BlZg2BIem6
🇺🇸 Reversing a credit-card charge has never been easier — or more abused https://t.co/1NqJmDdaKU
Credit card chargeback growth to exceed $15B by 2026 -Last year, consumers disputed 105M charges with card issuers in the US worth $11B, vs $7.2B in 2019 -“Merchants reported a 69% increase in chargeback misuse last year, amounting to 20% of all disputes”… https://t.co/aTkceYYaE4
Capital One and Discover are considering a merger to create the largest credit card company in the U.S. Credit and debit card fees have doubled to over $150 billion in the last decade, with consumers disputing about 105 million charges worth $11 billion last year.