Chargeback costs: important factors, payment options

The question of the cost of a chargeback does not have a simple and unambiguous answer. This legal service is provided by companies, and its cost depends on several factors:

1. Experience and reputation of the company or lawyer: Companies with extensive experience in conducting charterbacks and a good reputation usually charge a higher price for their services.

2. Sector of law and sector of activity: The complexity and specificity of legal issues related to a particular sector or sector of activity may affect the cost of a charterback.

3. International rules of law: If a reference to international rules of law is required as part of refunds from companies registered outside the Russian Federation, this may affect the cost of the service.

4. Location of the opponent: Depending on the location of the company from which the funds need to be returned, the cost of the chargeback may vary.

When returning funds from companies registered outside the Russian Federation, the chargeback specialists or firms should have certain knowledge and skills:

Experience of working with such companies.Knowledge of banking law.
Knowledge of international law.
Understanding of the rules of payment systems such as MasterCard, VISA, MIR.

Knowledge of English for translation of documents and communication with the acquirer banks.Therefore, such specialists

Regarding payment for legal services, there are three main options:

1. Full payment: In this case, the client pays for the service in full. This option is convenient for one-time services, such as preparation of agreements, termination of contracts, registration of a sole proprietorship or LLC.

2. Prepayment + bonus for success: Here the client and the lawyer/company agree on the scope of services and the amount of prepayment, as well as an additional bonus to be paid in case of a successful refund. This option motivates both parties. The client who has paid the upfront amount will be interested in a successful outcome, and the lawyer/company will try to do a quality job to receive a bonus.

3. Phased payment: Here the client pays for each action of the lawyer or company separately, such as consultation, drafting a claim or preparing a legal position. As a result, the total amount can significantly exceed the initial expectations.

The most advantageous option of paying for legal services is "prepayment + success premium" because it offers a comprehensive approach to achieving the goal. Usually several specialists work in this case, which increases the chances of success. In addition, this option does not provide hidden fees, and if the lawyer or company does not perform the agreed list of services, the client has the right to file a claim and, if necessary, in court.

It is important to remember that when choosing a company to conduct a chargeback, you should be careful and check the company registration, study its reputation, refer to the recommendations and discussions with previous clients. It is also advisable to consult with a legal advisor or contact the regulatory agency to verify the company's license and status. This will help you choose a reliable company to get your money back.