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re: My 15-year-old kid wants to start dropshipping
Posted on 6/28/23 at 3:10 pm to fwtex
Posted on 6/28/23 at 3:10 pm to fwtex
quote:So-called "friendly fraud" is murder on these types of businesses.
returns and credit card charge backs
Imagine dropshipping a big order, then a month after delivery the payment processor notifies you of a chargeback.
The customer claims to have never received the goods, despite UPS having proof-of-delivery.
Forget trying to fight it - payment card companies accept bogus chargebacks regardless of your documentation.
So now you've lost the funds from your sale, you owe a chargeback penalty, and you still have to pay the supplier for those goods.
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