Credit Card Chargeback
Chargeback Protection: How to Prevent Disputes
| December 24, 2019
Each transaction involves a certain amount of risk. Purchasers often risk dissatisfaction or disappointment upon receiving a product or service. And merchants always risk the possibility of a customer dispute or fraud. Learn the fine art of Chargeback Protection and How to Prevent Disputes. This risk is not always dependent upon the type of business
The High Risk Merchant Paradox
| August 24, 2019
It is an entrepreneur’s job to take risks. But every high risk business type contains the potential for multiple outcomes, success and failure being the most extreme. With risk, like truth, the final outcome is usually to be found in the middle between extremes. An entrepreneur who understands this must be prepared to deal with
Do You Know What Industries Are Considered High Risk Merchants?
| June 23, 2019
Are you a Hard to Place Merchant? Who could have guessed that when you furnish your home you are most likely dealing with a business in a higher risk industry? Yes indeed – Interior Decorating and Furniture Sales Merchants are are both considered Higher Risk Merchants by payment processors. Find out if your business type
How the Address Verification System (AVS) Works
| April 4, 2016
The Address Verification System (AVS) is a system used by financial institutions, sponsoring banks and payment processor’s to help prevent fraudulent credit and debit card purchases. When Card Not Present Transactions are processed through the payment gateway, the issuing bank will request the billing address of the card holder. This information is typically stored on
Understanding Credit Card Chargebacks and Fraud
| November 23, 2015
Credit card chargebacks occur when a customer has a chargeback dispute and decides to question a charge on their credit card statement with their Credit Card Company or issuing bank. While chargebacks happen for a variety of reasons, the most common reason is that a customer no longer wants the service or product sold to
What is a Chargeback?
| August 20, 2015
What is a Chargeback? Put simply, a chargeback is a reversal of a credit-card transaction. Chargebacks can occur for many reasons. But regardless of the reason, a chargeback means that a merchant ends up providing a product or service for free. In addition, the merchant is usually required to pay additional fees in the form