Is your business suffering from an influx of chargebacks? While they’re a common side effect of running a business, chargebacks can have devastating results when it comes to credit card processing and keeping your merchant account.
This is precisely why it’s vital to understand what a chargeback is, the effect it has on your business, and how you can eliminate the risk of chargebacks in the future. Here you’ll find the resources you need to stop chargebacks from negatively affecting your business.
If left unchecked, chargeback disputes can damage your business's reputation, even putting your merchant account at risk of termination. And chargebacks are becoming an ever-increasing…
The Fair Credit Billing Act (FCBA) is known for providing a range of consumer protections, including the ability to file chargebacks on unauthorized charges. However,…
There is a range of risks associated with accepting credit card payments at your business, a major one of which is the event of chargebacks.…
Card networks—the most notable of which are American Express, Discover, Mastercard, and Visa—notify merchants of chargebacks by issuing corresponding chargeback reason codes. These codes outline…
Friendly fraud, a type of chargeback fraud, is one of the contributing factors to the more than $32b worth of annual payment card fraud throughout…
Managing chargebacks and reducing your chargeback rate (also known as chargeback ratio) is one of the most challenging elements in running a business. A chargeback…
When it comes to reversing charges, there can be confusion between a chargeback and a refund. Understanding these differences is important for maintaining good consumer…
An authorization hold is a valuable tool used to verify if a customer has enough funds to cover a transaction. Many everyday businesses use holds.…
One of the biggest upsides to being a cash-only establishment is the reduced risk of the chargeback fee. However, if you think your business can…
When owning a business, accepting payments is important, but protecting those payments from credit card chargebacks is essential. Unfortunately, when enabling credit card payments, you…
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