Disputing charges has become easier for consumers in recent years, experts say, largely thanks to efforts to enhance mobile banking service in response to canceled travel and other pandemic repercussions.
There’s no denying that the subscription economy is booming. In fact, the financial services firm UBS projects that the market will hit $1.5 trillion by 2025. Yet despite that robust figure, there is a looming challenge for merchants — chargebacks.
With the proliferation of cutting-edge payment methods, AI-infused sales strategies, and the omnipresence of digital wallets, retailers are stepping into an era of unparalleled efficiency. Yet, this very landscape that promises immense growth also harbors pitfalls.
