How To Win With the Visa Merchant Purchase Inquiry (VMPI)
VISA has recently made commendable efforts to balance the scales and help reduce chargebacks with the Visa Merchant Purchase Inquiry (VMPI).
VISA has recently made commendable efforts to balance the scales and help reduce chargebacks with the Visa Merchant Purchase Inquiry (VMPI).
Credit cards are old technology — old as money, maybe just as old as writing.So let’s take a short trip into the long history of credit cards.
Chargebacks are considered to be a friction point between merchants and customers. But it doesn’t have to be with the perfect customer service response.
Payment processors are very important, so it’s crucial for merchants to have some insider knowledge about them and the services they provide.
Understanding chargebacks is not that straightforward and it generates a lot of gossip, misinformation, and myths.
Recurring or subscription billing has taken e-commerce by storm. This is where products and services are provided and billed for regularly over time.
What is the true cost of chargebacks? “How much?” is a common yet tough question to answer, especially in the payments industry.
Arbitration chargebacks are the “ugly divorce” of transaction disputes. It means you have exhausted all reasonable recourse to resolve a dispute.
Lots of our competitors out there want you to believe you can achieve chargeback reversals through representment, but that’s fake news.
So you’re a high-risk merchant; it’s really not the end of the world. High-risk merchants have superior access to global markets and unlimited processing.