Credit Card Chargebacks
Chargebacks continue to be an ongoing issue for My Gyms and other businesses who use recurring billing. With that said, we are extremely pleased to announce some changes set forth by our valued vendor, Global Payments. Through much negotiation, Global has agreed to reduce the Chargeback fee from $35 to just $5. Occasionally, there is an additional Retrieval fee which has been reduced from $20 to $2.50. While these changes will have no effect on customers initiating Chargebacks, and/or the credit card companies siding with their customers, we trust the reductions will help to “soften the blow.” For more information on Chargebacks, please refer to the 5/29/17...
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