Hey,
Okay, well Jared already explained this situation to everyone, but let me try it again.
Chargebacks can occur for various reasons, mainly fraud and credit card chargebacks. In January, when everyone had the crazy chargeback numbers, the majority was from fraud.
Now, as all of you know, there is ALWAYS processing time when it comes to banks. When you make a purchase on your credit card you don’t get the bill until the end of your cycle. Much like when you write or cash a check it takes time to clear.
Well, chargebacks work in a similar way. While a fraudulent account may be created in Jan, the bad debt/fraud/chargeback may not be reported until Feb, it all depends on when the corresponding bank reports it.
As Jared told everyone before, in this day in age with the state of the industry as it is, chargebacks and fraud will continue to occur. We cannot promise that there will be no bad debt, but we will and have been doing our best to limit it.
If there are any further questions regarding this matter please let me know.
Cheers,
Nick