The Credit Card Chargeback if you Dare

Remember reading sometime about how credit cards are infinitely better than debit cards because credit cards give you the chargeback facility if there is a dispute with a merchant over poor quality of goods or non-delivery? Well, have you ever tried taking advantage of the credit card chargeback facility at any point? Well, if you ever make use of the credit card chargeback facility you were told was the greatest thing about credit cards, it is possible that your name now appears on a list maintained by a company to sell to retailers. There are millions of people on this list, and these people are persona non grata as far as the retailers are concerned.

The blacklist is online on a website called BadCustomer.com. It was an online retailer who launched the website; after having been hit by frequent credit card chargeback claims by dishonest customers and losing money. It's actually something to think about. If you as a customer should find that a business is fraudulent with you, you can go complain to the BBB and you can initiate chargeback proceedings to recover your money. What is a retailer to do if he is hit by a dishonest customer who receives the goods orders but then claims he never did? There is no place for businesses to go to for justice.

Chargebacks cost businesses in the country $15 billion every year. But how does your name get on the blacklist? It's a list that is compiled with names helpfully supplied by corporate retailers around the country. Of course, no retailer who uses the list actually knows about whether a given consumer on the blacklist really did anything wrong. For all he knows, it could have been the retailer who did something wrong. But they don't want to take a risk. Any merchant who looks the list up online, if he sees that a customer standing before him has his name on the list, can just refuse to do business with him. Which isn't fair; but that is how it is.

The company makes its profits by providing a kind of mediation service to businesses and their customers. If you find your name on the list and you would like to get off it, theres only one way to do it you have to call the company and him ask them nicely.

Of course, this whole thing tends to make things difficult for you if you are a consumer who just initiates a credit card chargeback because a retailer was unfair to him. It's just a system that tries to bring a measure of balance to an imperfect setup.

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