With roughly 2.5 billion regular players in 2017—close to one-third of the world’s population—video games may be the world’s most popular pastime. But, the fact that gaming is such a huge market is also what makes it a hot target for fraud.
Consumers are loading hundreds of billions of dollars onto prepaid gift cards each year. That’s great news for online retailers, as it opens previously-unbanked individuals to the eCommerce marketplace…but what happens when a transaction doesn’t go as planned?
If you’re like most merchants, the word “chargeback” carries many connotations…all of them negative.
That’s understandable; as a rule, chargebacks do nothing but cost merchants time,
Stripe is one of the most popular platforms available for merchants to accept online and mobile payments. Merchants are attracted by the simple and straightforward functionality,
Square, Inc. is a financial company primarily known for its mobile payment service, allowing merchants to accept debit and credit cards on an iOS or Android smartphone or tablet computer.
What if the buyer on the other end of a transaction isn’t a criminal, but is not necessarily an authorized user, either? That’s the issue now facing thousands of digital goods merchants,
To prevent common types of chargebacks, the merchant’s best defense is to go on the offensive. Understanding chargebacks is the first step in preventing this loss of revenue and safeguarding the merchant’s ability to process credit cards.
The beauty of unique merchandise, especially things created and customized to an individual’s unique specifications, can be hampered greatly by the possibility of special order chargebacks.
If you fall into the customizable merchandise category,
While the eCommerce surge introduces great earning potential for businesses, it has also lead to problematic financial conditions.
The number of card-not-present chargebacks is increasing just as quickly as card-not-present transactions.
A recent scuffle between Sony and their customers illustrates the difficult situations surrounding chargebacks and begs the question: is it possible to take chargeback prevention too far?