How does High Refunds reflecting on your FS?

Hi-Refund on Financial Statement

[djoandale]

Does anyone know what could be the effect/impression of having many refunds on your Financial Statement when applying another merchant? Can u get low chances of approval if high amount of refunded payments on your FS because of returning fraudulent payments to C.C. Holders?

[tangor]

Were I a merchant credit card provider I'd see this as red flags. Primary question would be "Why the high level of refunds?" Without asking are you a bit dodgy, of course. Followed by a decline to take your biz.

[pongkoyla]

What if the reason of the refunds is because we do not want to keep fraudulent payments? And just return the credit card owner's money before the processor reverse the payment to them? or shall we just wait for the processor to reverse payment once credit card company files chargeback?