The chargeback process is meant to increase consumer confidence. It makes it easy for cardholders to dispute charges. When chargebacks occur, they can cause losses in revenue and tarnish a company’s reputation with credit processors. Chargeback prevention may seem daunting at first, but it is an essential task to help maintain revenue, and protect yourself
Friendly fraud is a costly threat to all online merchants and others that accept card-not-present transactions. Unless merchants take steps to reduce this type of fraud, they are risking both their reputation and their revenue. What is Friendly Fraud? Friendly fraud is often called chargeback fraud because it involves consumers abusing the chargeback process at
Many merchants think of chargebacks as an unavoidable cost of doing business. However, chargeback prevention is an essential task to help maintain revenue, and protect yourself against future chargeback disputes. Below are some effective chargeback prevention strategies and tools that you can implement immediately to help your return on investment. 1. Maintain Your Product Make
