Make Trades Great Again cover image

Make Trades Great Again

Give me my money!

Feb 20, 2024
Delving into the risks of credit card payments, the podcast explores payment disputes in small businesses, strategies for retrieving money, customer complaint management, premium pricing in luxury services, and managing account funds to avoid overdrafts.
40:24

Podcast summary created with Snipd AI

Quick takeaways

  • Understanding the risks of disputed credit card payments is crucial for businesses
  • Managing client expectations and communication can help prevent contentious payment disputes

Deep dives

Dealing with Customer Payment Disputes

The podcast episode delves into the challenges business owners face when customers stop payment or dispute charges, sharing personal experiences like buying furniture that was never delivered. It highlights the importance of understanding the process and potential consequences of disputed payments, emphasizing the need for clear communication and setting expectations with clients to avoid contentious situations. The hosts discuss the impact of high-cost services and fluctuating market conditions on payment disputes, pointing out strategies like segregating credit card payments to mitigate financial risks.

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