At Justt, we often find merchants overestimate their success in fighting chargebacks and aren’t aware of how much money they can actually recover by improving their handling of payment disputes. To assist companies in their effort to locate cost efficiencies from existing operations, we are providing a chargeback calculator to enable a quick back of the envelope estimate of savings that could be generated by using Justt.
Through smart automation, Justt removes the need for internal teams to manage chargebacks while significantly growing your success rates. Justt can also work as an extension of your team to increase low win rates with specific PSPs. Our success-based model motivates Justt to win as many chargebacks as possible for customers under whatever conditions you operate.
The way the chargeback calculator works is straightforward. As a company, we regularly analyze how many chargebacks are resolved in favor of our merchants across different verticals, which gives us industry benchmark data. Using these benchmarks, we can roughly forecast what a potential client’s chargeback win rate would be with us. The calculator should give you at a glance an understanding of whether it’s worth having a conversation with a Justt chargeback expert to learn more.
At Justt we typically see a 2X improvement of win rates for clients when compared with their pre-Justt win rates, and win rates continue to improve over time thanks to our solution’s artificial intelligence. Justt’s uses machine learning technology and automation to turn manual chargeback aggravation for merchants into hands-free convenience while getting smarter and more effective over time.
The chargeback calculator is not a replacement for speaking with a Justt chargeback expert, who with the help of your PSP and merchant data can provide you with a more detailed and accurate forecast of potential chargeback recovery rates and savings. Use the chargeback calculator just as an initial indicator for whether you should proceed to a conversation or wait until you have a greater chargeback volume or average ticket price.
During these economic times, it’s important to find savings wherever you can. Try the calculator today to find out if chargeback mitigation could be a significant source of savings for you.
For more information about the hidden cost of chargebacks and other payments-related topics, check out the Justt blog.
Ex-journalist and major fan of fintech and OSINT, I write regularly for leading industry outlets in finance and fraud prevention. Outlets I contribute to include Payments Dive, Finextra, and Merchant Fraud Journal, and I have been cited by PYMNTS.com
