We built ChargebackStop because we saw first-hand how much of a cost, risk and pain chargebacks are for software companies. Yet, there was no purpose-built solution for them. There are plenty of legacy chargeback management services that take a % of your winnings or ones that specialise in eCommerce, but none that were focused on software companies specifically. So we built one!
How does it work? We utilise two alerting mechanisms: internal (based on your data) and external (sourced from Visa and Mastercard). Through our internal alerts, we analyse the data from your payment processing platforms, such as Stripe, to predict potential chargebacks. We then offer actionable recommendations to prevent these chargebacks from coming to fruition. Regarding external alerts, we obtain them from Ethoca (owned by Mastercard) and Verifi (owned by Visa). When a chargeback is initiated, we receive an immediate notification, allowing you to process a refund before it's finalised. This ensures you effectively avoid the chargeback altogether.
@kingromstar Thank you for your comment! We have two types of alerts:
- Transaction Alerts which detect suspicious transactions in your Stripe account
- Network Alerts which allow the merchant be pinged as soon as a cardholder raises a dispute with their bank
Congrats Team ChargebackStop on the fantastic launch on Producthunt! The concept of an automatic chargeback detector sounds like a complete game changer. As a suggestion, it might be worth exploring possibilities within multicurrency transactions as chargebacks in this space can be cumbersome. Keep up the impressive work!
Replies
ChargebackStop
Go Mail Merge
ChargebackStop
Pythagora
ChargebackStop
Marketing Examples
ChargebackStop
ChargebackStop
CompanyGPT