When you set up a Shopify account, you’re automatically enrolled in Shopify Payments, which offers chargeback protection. This means that if a customer disputes a charge with their credit card company, Shopify will cover the cost of the chargeback.
What is a chargeback?
A chargeback is when a customer contacts their credit card company to dispute a charge on their statement. The credit card company then initiates an investigation to determine if the charge is fraudulent.
If the investigation finds that the charge is indeed fraudulent, the credit card company will refund the customer’s money and Shopify will be charged for the amount of the refund.
PRO TIP: Shopify does not offer chargeback protection. This means that if you are the victim of fraud, you may not be able to get your money back. You should always take steps to protect yourself from fraud, such as keeping your Shopify account secure and checking your bank statements regularly.
How does chargeback protection work?
If a customer initiates a chargeback, Shopify will reimburse you for the amount of the chargeback, up to a maximum of $250 per transaction. You will also be charged a $15 fee for each chargeback.
To be eligible for chargeback protection, you must meet all of the following criteria:
- You must be using Shopify Payments.
- The disputed transaction must have been processed through Shopify Payments.
- The transaction must not be older than 180 days.
- You must not have already been reimbursed for the transaction by Shopify or the customer.
- The disputed transaction must not be for an amount greater than $250.
Shopify does offer chargeback protection for transactions processed through Shopify Payments. If you meet all of the eligibility criteria, Shopify will reimburse you for the amount of the chargeback, up to a maximum of $250 per transaction. There is also a $15 fee for each chargeback.
8 Related Question Answers Found
Yes, Shopify does cover chargebacks. If you are a merchant who is using Shopify to sell goods or services, you are automatically protected against chargebacks. This means that if a customer initiates a chargeback with their credit card issuer, Shopify will cover the cost of the chargeback up to $500.
The short answer is yes, Shopify does protect from chargebacks. In order to understand how, we must first understand what a chargeback is. A chargeback is a refund requested by a credit card holder from their issuing bank.
As ecommerce continues to grow, so do the number of ways that businesses can get ripped off by unscrupulous customers. One of the most common ways that this occurs is through chargebacks. What is a chargeback?
Shopify does have bot protection in place to help keep your store safe from malicious attacks. There are a few different ways that Shopify protects your store, including:
1. IP Blocking
One way that Shopify protects your store is by IP blocking.
Shopify is a platform for businesses of all sizes to create an online store. Shopify offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. While Shopify is a great platform for businesses, there are some drawbacks.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.”
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to launch their own online snowboarding store.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.”
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake, who were working on a web-basedSnowboarding equipment shop called Snowdevil.
Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. Shopify does have some hidden fees, but they are not exorbitant.
