As a merchant, dealing with chargebacks can be frustrating and costly. A chargeback is a transaction reversal initiated by a customer through their credit card issuer. The customer disputes the charge, alleging that the transaction was unauthorized, fraudulent, or that the product or service was not delivered as promised. If the issuer agrees with the […]
Five Tips for Streamlining Chargeback Management
In online commerce, one of the biggest challenges to maintaining a stable cash flow is dealing with chargebacks. Chargebacks can be a hassle. But more importantly, they can take a big bite out of your revenue, and they can cost you your payment processor. Here are five reliable ways you can fight back against chargebacks […]
How a Formal Chargeback Policy Can Significantly Reduce Your Chargeback Costs
With the number and cost of chargebacks increasing all the time, taking steps to reduce their impact is an essential task for all merchants. There are many measures and increasingly sophisticated tools that can be used. But one of the simplest and most effective is also one of the most frequently overlooked. This is the […]