Chargeback Fees Can Seriously Jeopardize a Business’s Longevity—But the Threat Can Be Averted
Credit card chargebacks represent a real and growing financial threat to merchants, costing them both merchandise and revenue. To make matters worse,
MCCs are Important for Taxes and Recordkeeping—as well as Chargeback Management
MCC codes impact everything from managing chargebacks to deciding which expenses need to be reported to the IRS. They can even regulate rewards programs on certain consumer credit cards.
Handling Chargebacks Isn’t So Bad When You Break It Down Into Four Manageable Steps
Just received another chargeback? Can’t stand to lose one more dispute? Tired of flushing revenue down the drain?
Fortunately, there are steps you can take to start handling chargebacks effectively.
6 Tips for Banning Known Fraudsters
Chargeback fraud is never fun. There is one hidden perk, however, even if it is pretty insignificant: once you know individuals have engaged in fraudulent activities you can prevent them from victimizing you again in the future.
What Happens If You Are Labeled a High Risk Merchant?
As an online merchant, the ability to process credit transactions is vital to the survival of your business. In order to process those transactions though,
Understanding the Mechanics of Internet Processing and eCommerce Transactions
Merchants interested in establishing an online store must understand the mechanics of internet processing for credit card transactions. The unique characteristics and risks must be carefully considered.
Why Merchant Bank Statements May Show Surprise Withdrawals
Chargebacks are a bothersome financial burden for all merchants. However, when merchants receive chargebacks without notification, the business suffers unfairly at the hands of friendly fraudsters.
The Reasoning Behind Product Returns and Returned Merchandise
The difference between a good merchant and a great entrepreneurial success story is an intricate understanding of consumer behavior. One concept merchants must meticulously analyze is the thought process behind product returns.
Evaluating the Risks and Rewards of Mobile Payments
Emerging technology can have either a dramatic or subtle effect on the business world. Consider alternative payment options, for example: some have caught on quickly while others go largely unaccepted.
When the Cardholder Claims Products or Services are Not as Described
Chargebacks are disputes filed by cardholders or issuing banks when there is a discrepancy with a credit card transaction. Each chargeback is assigned a reason code,