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…
Read MoreThe Risk Paradox
| August 24, 2019
It is an entrepreneur’s job to take risks. But every risk 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 banks and financial institutions…
Read MoreDo You Know What Industries Are Considered High Risk Merchants?
| June 23, 2019
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 – furniture merchants are considered High Risk Merchants! But that’s from the viewpoint of credit card payment processing companies. They look at many factors, including the ticket size of a…
Read MoreHow the Address Verification System (AVS) Works
| April 4, 2016
The Address Verification System (AVS) is a system used by financial institutions to help prevent fraudulent credit/debit card purchases. When a credit card transaction is processed through the payment gateway, the issuing bank will request the billing address of the card holder. This information is typically stored on the magnetic strip located on the back…
Read MoreUnderstanding Credit Card Chargebacks and Fraud
| November 23, 2015
Credit card chargebacks occur when a customer decides to question a charge on their credit card statement with their Credit Card Company or 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 them. Here we list a few Chargeback…
Read MoreWhat 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…
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