An ideal business thrives on honesty and integrity. In order for a businessman to gain the trust and confidence of another person who engages on the same business, it is important that honesty in dealings and transactions is maintained. Nothing can replace a good reputation. Customers and service subscribers keep on coming back to you if you have extended them satisfactory and professional service founded on honesty, fair dealing and goodwill.
But more often than not, not all business transactions flow on the intended direction. Sometimes, business transactions can go wrong. For instance, there are merchants who are not able to get what is due them after delivering a particular product or service. It is a legal practice, accepted in commerce, that customers are responsible for chargebacks for delivery of products or rendition of service. Chargebacks due for the merchants ought to be given as a necessary and legal part of the transactions. However, some customers do not pay the chargebacks to the merchants after the same transaction is done. Too bad, the merchant needs to go after these buyers or customers to get back the necessary charges after the consummation of the transaction. Oftentimes, the merchant spends so much time, effort and money in order to recover chargebacks. The recovery costs incurred by the merchant should be borne by the customer as honesty and fair dealing dictate.
