Credit Card Chargeback
The Risk Paradox
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?
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! But that’s from the viewpoint of credit card payment processing companies. They look at many factors, including the ticket size of a typical…
Read MoreUnderstanding Credit Card Chargebacks and Fraud
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. While the chargeback process may…
Read MoreWhat is a chargeback?
A chargeback is a reversal of a credit-card transaction — not because the product was returned or because the sale was never completed, but because there was some problem processing the transaction. Often, a chargeback means the merchant ended up providing a product or service for free — and had to pay the merchant bank…
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