In the professional service industry, where transactions average $585, businesses typically face 15 chargebacks annually. Sadly, merchants lose 80% of these claims, leading to potential losses exceeding $10,000 when considering lost wages, productivity, and legal fees.
The chargeback epidemic refers to the widespread and escalating issue of chargebacks that merchants face in various industries
Alarmingly, 81% of these claims are baseless, and businesses often lose the entire sale.
Tackle the $225 billion chargeback issue head-on, especially prevalent in the professional service sector.
Chargebacks have been increasing by 41% every two years, with 75% of eCommerce businesses witnessing an increase in fraud attempts as of 2021
Beyond the transaction value, businesses suffer from
Lost wages and productivity.
Administrative costs of contesting chargebacks.
Legal fees for high-value disputes.
Increased scrutiny from payment processors and banks.
Held funds or delayed deposits.
Create and Manage Digital Contracts Embedded in the Workflows of your BusinessLearn More about Digital Contracts
With over a million potential chargebacks daily in the USA, Sky Systemz reduces this risk by a whopping 92%.
Designed for ease of use, Sky Systemz implements industry-leading practices to combat and win chargeback claims.
Achieve a 500% reduction in chargeback claims and a 120% better win rate against chargebacks compared to the average.
Sky Systemz Your Chargeback Shield" represents a comprehensive solution tailored to protect merchants from the detrimental effects of chargebacks.
At Sky Systemz, our customers choose a pricing plan with their account manager, and that rate remains fixed. Transparent pricing.
Our commitment to transparency means consistent rates for all card types, including American Express. Predictable, no surprises
No monthly, startup, or cancellation fees, no contracts. Every feature is free for Sky Systemz merchants, with ongoing additions
Sky Enterprise, a division of Sky Systemz, presents a holistic Business Operations Platform (BOP) exclusively crafted for regional enterprise businesses ..Learn more about Sky's Enterprise product →
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