Credit card disputes

March 20, 2020


Q. Should there be a dollar limit on credit card disputes? We have cards being disputed because they go over the limit, but are originally accepted. For example, the credit card is run for $50 and accepted, then we get a dispute and it comes back saying on $1 was approved so we get charged back $49. A. (Answered by the IOFM Advisory Panel) We accept credit cards on a regular basis but have never had this issue. We have had other fraud issues and I am keeping a running list on those. What I have…

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