Square Launches Free Chargeback Protection For U.S. And Canadian Sellers

TechCrunch

+Square, the mobile payments startup that’s been shifting its focus to small business solutions in recent months, announced this morning that it will now cover all Square sellers in the United States and Canada with chargeback protection. That is, when buyers choose to dispute their charges with the business in question, Square will cover those chargebacks for free – up to $250 per month, the company notes.

Typically, chargebacks can be a big hassle for small businesses, as they can tie up funds that business owners are counting on while the disputes are settled. And working out the disputes is something that can often take a lot of time, which leaves the funds in limbo while the seller fights the chargeback and comes to an agreement with the upset customer. Notes Square this morning in a blog post, the process can be “complicated” and “slow” and can involve “a lot…

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