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Chargebacks cost $31 billion; Target launches free delivery
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Today’s newsletter looks in-depth at a new Javelin Research & Strategy/Verifi research report that says chargebacks cost the industry $31 billion annually. We also look at Target’s new free delivery program called Target Restock and how it hopes to up the competition with Amazon.
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Cost of chargebacks in 2017? $31 billion
According to a new report, The Chargeback Trianglefrom Javelin Strategy & Research and Verifi, merchants lost $19 billion to chargebacks in 2017. Issuers lost another $12 billion as well, a staggering cost to business. Read more… |
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Target Restock takes home delivery to next level in response to Amazon
In an announcement on its corporate blog, the company introduced Target Restock, the next-day delivery of home essential products. Delivery is free for Target REDcard customers and only $2.99 for all other orders. Read more…
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