How Much are PayPal Chargeback Fees Costing You?
Most people are familiar with PayPal as a P2P (person-to-person) payments platform. The company pioneered the concept that’s been taken up by newcomers like Venmo and Zelle.
Most people are familiar with PayPal as a P2P (person-to-person) payments platform. The company pioneered the concept that’s been taken up by newcomers like Venmo and Zelle.
Picture this: you made an online purchase with your credit card. You’ve been waiting forever for the items to arrive, but when you contact the seller,
Honestly: who isn’t familiar with PayPal these days?
According to Statista, PayPal boasts nearly 350 million active users. That’s a massive incentive for merchants to get on board with PayPal payments.
As an eCommerce merchant, you don't typically see your customers. So, when you’re taking online orders, you can't really know for certain that the buyer is an authorized cardholder.
Every eCommerce transaction is unique. At the same time, many elements of a transaction will remain consistent for single buyers.
Typically, indicators like IP address,
Here’s a startling statistic: according to the Merchant Risk Council, the amount merchants spend to tackle online fraud increased five-fold between 2019 and 2021.
“Card-not-present transaction.” The term seems fairly self-explanatory at first glance; a payment card transaction where the actual card itself isn’t involved.
At one point, this referred solely to transactions made by phone,
Let’s say you’re trying to conduct a card-present transaction. There are some pretty basic ways to know if the customer on the other side of your checkout counter is actually the person they claim to be.
Cardholders who feel that a credit card transaction is inaccurate or unfair have the option of disputing the charge. This is called a chargeback.
In a perfect world, consumers and merchants would coexist in harmony. Consumers could purchase products and services that the merchant sells, and the merchant makes a profit from each interaction.