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The $100 MBA Show

MBA1212 How To Avoid Chargebacks + Free Ride Friday!

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 1 March 2019

⏱️ 15 minutes

🧾️ Download transcript

Summary

Chargebacks are a hot topic of inquiry these days. With banks and credit card companies pledging to stand by their customers no matter what, it’s way too easy for someone to force a refund — even when they’re in the wrong.

Transcript

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0:00.0

Hey today is free ride Friday so make sure you hang on to the end of the episode to

0:04.0

Hero 1 this week's free ride. Every Friday we give away a lifetime membership

0:08.2

to one of our programs. This month we're giving away easy course or 30 day course

0:12.0

on how to build your own online course in 30 days

0:14.4

Your retail's at $500 over at easy course.co, but somebody's gonna win it for free

0:18.9

Today, on Freight Fridays. So if you want to win just leave us on iTunes rating and review and you enter our weekly random draw.

0:26.0

Listen on on Friday to see if you won. It's our way to say thanks for leaving us love on iTunes.

0:31.0

Let's jump into today's episode.

0:32.6

Heyo! Welcome to the $100.00 R.M.A. Show! Welcome to the $100 RBA Show! The business podcast, it gives you what you need to help

0:48.0

you get what you want every single day with our daily 10-minute business lessons for the real world. I'm your host, your coach,

0:55.1

your teacher, Omar's at home. I'm also the co-founder of the $100 MBA, a complete business

1:00.3

training, and community online.

1:02.9

And in today's episode, you will learn how to avoid chargebacks.

1:07.4

Chargebacks have become a huge topic in the world of the internet these days. If you do a search on Twitter for the word

1:14.2

chargeback, you'll see tons of conversations of people trying to avoid them as

1:19.2

much as possible. Why and what does all this charge back talk about?

1:23.0

Well, a charge back is when a customer calls a credit company and says,

1:27.0

hey, I don't approve this charge, I want my money back.

1:30.0

At this point you're notified with a charge back saying, hey, somebody says this is fraud or they don't approve this actual charge or they don't recognize this charge.

1:39.0

This is bad for business. Why? Because it's like a hole in a bucket. It's leaking out revenue.

1:46.4

You think you have a sale, but on the back end a charge back happens and you'll lose that money.

1:51.2

Plus, there is a fee that your payment processor will charge you

...

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