Understanding the Lack of Chargebacks in Cryptocurrency Transactions
For merchants, the chargeback process can be one of the most challenging aspects of transaction management. Chargebacks happen suddenly and can result in significant financial losses. Fraudsters often exploit this by reversing payments without warning, leaving businesses vulnerable. However, with cryptocurrency payments, businesses can mitigate the risk of chargebacks effectively. Crypto transactions are inherently irreversible, providing a safeguard against chargeback fraud.