Find out which are the steps that will help you as a merchant, to keep customer refund requests away from your business.

Chargeback is a phenomenon that has become quite frequent over recent years because of the increase in the fraudulent that is occurring these days. You ought to look out for ways to prevent chargeback for as much as you can just to make sure that the money that you get does not go away. These methods and tips are helpful once you wish to get minimum chargeback from the customer.

Image Source
Use better services to avoid risk
• Use a better and high risk e-commerce merchant account that can protect you a great …

Chargeback is actually a state that allows the consumers to ask for the reversal of a transaction in case the goods purchased do not meet the requirements specified or in case you Visa card has been charged for a transaction that you did not make. This is part of the Visa Scheme Rules that every financial institution has to implement if they issue Visa cards. The system works between both the banks i.e. yours and the bank of the merchant and cash still flows even if the merchant has stopped …

There are indeed quite a lot of advantages of accepting credit cards for your online business transactions; the main advantage being the increase in sales and global reach of the business. But with every such boon, comes a curse which may ruin the reputation of a Merchant. Credit Card chargeback is one such thing that every merchant wants to stay away from. Such repeated chargeback ruin the reputation of the merchant and eventually result in drastic fall in sales volumes.
What exactly is a chargeback?
A credit card chargeback is a kind …

Receiving a chargeback is one of a merchant’s worst nightmares, and the reason why it happens is because a customer does not recognize the merchant’s business on their credit card statement. They can’t remember who was it who charged them, or what they bought, for that matter. It’s like someone coming up to you, asking for a debt to be paid out – only for you to stare blankly at the person because you can’t seem to remember, or even know who he is!
As a result, the customer reports this …