Chargeback Fraud: An Overview

As is the case with any other type of fraud, chargeback fraud involves dishonest practices. Although chargebacks are intended to protect consumers from unfair merchants and identity theft, these bank-facilitated refunds are increasingly misused by consumers.

What are the Cardmember and Merchant Time Limits for Chargebacks, Disputes and Inquiries?

There are several ways American Express chargebacks differ from those issued by other like Visa Mastercard. One example of such a difference is the American Express chargeback time limits for both cardmembers and merchants:

After an inquiry is issued,

Merchant Protection: Accepting Credit Cards Affected by Data Breaches

Credit card fraud is one of the leading causes of profit losses for merchants. Criminals gain access to credit card information and make unauthorized purchases.

Can a Processor Withhold My Money?

Acquiring banks and processors are like any other business; they must carefully assess risk in relation to profitability. Therefore, it’s common for a processing agreement to be terminated before the risky merchant can become a liability.

Who is Involved in the Chargeback Process?

The chargeback process is complex; it involves several different people and institutions. Once you master the basics, however, it isn’t too difficult to understand how a dispute progresses from one entity to another.

Avoid Chargebacks Caused by Processing Errors

In the world of chargebacks, merchants can sometimes be their own worst enemy. While some chargebacks are an unavoidable part of doing business, others are filed as a result of a merchant’s mistake.

Why Did I Get a Late Presentment Chargeback?

Chargebacks can be filed against merchants for a wide variety of reasons. Unfortunately, a common cause of chargebacks is merchant error. The late presentment chargeback is a perfect example.

What is Involved in the Chargeback Arbitration Process?

Chargebacks are a consumer protection mechanism, providing an opportunity for cardholders to dispute a credit card transaction. Like all other types of formal disputes, arbitration is available in situations where a decision can’t be reached.

Chargebacks that Result from Credit Card Purchases

For a card-not-present merchant, there isn’t much difference between a debit and credit card transaction. However, there are slight variations between the debit and credit card chargeback process.

Best Indicators of Fraud for Card-Not-Present Transactions

Credit card fraud is a threat to all card-not-present merchants. Fraudsters use stolen credit card information and complicated technology to scam merchants out of both products and profits.