ClearSale Acquires ChargebackOps

Global ecommerce fraud protection technology provider ClearSale has acquired enterprise chargeback management service provider ChargebackOps for an initial payment of $3.6 million.

"Chargebacks are an enormous and growing problem for ecommerce merchants," said Rafael Lourenco, executive vice president and partner at ClearSale, in a statement. "Supply chain issues and friendly fraud are climbing, with 45 percent of chargebacks now attributed to delivery delays. Retailers need a comprehensive answer to protecting their businesses from unwarranted chargebacks, and with this acquisition, ClearSale will have end-to-end solutions to do that."

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