Credit Card Chargebacks Surge As E-Commerce & Cashless Society Gets Messy For Consumers

Credit Card Chargebacks Surge As E-Commerce & Cashless Society Gets Messy For Consumers US consumers are disputing card purchases at a record pace, as online fraud, confusing billing practices, and sneaky subscription charges drive a surge in chargebacks. Bloomberg cites new data from research firm Juniper Research on consumers' aggressive use of chargebacks. Last year alone, US consumers filed 158 million transaction disputes, up 29% from 2021 and outpacing overall growth in ca...

By Tyler Durden