{"id":1078,"date":"2024-05-23T07:00:14","date_gmt":"2024-05-23T07:00:14","guid":{"rendered":"http:\/\/suimy.me\/?p=1078"},"modified":"2024-05-29T17:09:53","modified_gmt":"2024-05-29T17:09:53","slug":"how-freelancers-can-prevent-chargebacks-7-effective-strategies","status":"publish","type":"post","link":"http:\/\/suimy.me\/index.php\/2024\/05\/23\/how-freelancers-can-prevent-chargebacks-7-effective-strategies\/","title":{"rendered":"How Freelancers Can Prevent Chargebacks (7 Effective Strategies)"},"content":{"rendered":"
We all know the financial challenges freelancers face<\/a> when finding new clients, preserving existing income sources<\/a>, maintaining cash flow during slow times, handling income taxes<\/a>, and more. Unfortunately, there is another financial hurdle you could face as a freelancer: chargebacks.<\/p>\n A chargeback is a forced credit card refund<\/strong>. Chargebacks<\/a> are a form of consumer protection, originally created to protect people from fraud<\/strong> and unauthorized transactions<\/strong>. The merchant bears the burden of proof. All the cardholder (freelance client) has to do is contact the bank and ask for their money back.<\/p>\n If you accept credit card as a form of payment, even if you are freelancing, credit card companies will deem you a merchant, which means that a freelance client can dispute a payment they\u2019ve made to you<\/strong>. The money will be removed from your bank account, without warning or your consent, and you will be left with an extra chargeback fee you\u2019ll have to pay.<\/p>\n As you can see, chargebacks open the door for fraudsters, which may include clients of questionable character looking to cheat the system<\/strong>. So here are some financial tips<\/a> for freelancers to prevent chargebacks.<\/p>\n