Doing Some Research on Saving for Chargebacks

Jerard

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1000 Post Club
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Pork County
Greetings Earthlings.

The last few days there has been some forum discussion with regard to chargebacks. This has given me the idea to add chargeback tracking (or savings thereof) to Commission Tracker for the next upgrade. So I'd like to get some feedback on the following questions:

1) If one were to save a certain percentage of each sale to guard against chargebacks, what would a good percentage be? Liberty Bankers keeps back 20% already and holds it until your advance has been paid off for that particular sale.

2) How long should a person keep this chargeback savings plan going? Should it be time controlled (say, a year) or up to a certain amount (say, 2K.....3K)? Or perhaps there is another guideline I haven't thought of?

Thanks for any input on this so I can make the spreadsheet formulas as accurate as I can.
 
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