Five Common Chargeback Myths Destroyed
Understanding chargebacks is not that straightforward and it generates a lot of gossip, misinformation, and myths.
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.
A "merchant ID" or "MID" is the number that identifies one or more merchant accounts that belong to an entity. You need a MID to process payments.
To a cardholder, the difference between a chargeback and a refund is merely semantics; to them, the end result for them is the same.
Compared to cash purchases, the authorization of credit card transactions is almost comically complicated. To really understand it, you have to read this.
Who knows what leads to customer returns? Honestly, if you did, you'd probably be reading this from your yacht, anchored off the Seychelles.
Let's look at what happens when a customer disputes a purchase. For many merchants, their understanding of this process begins and ends with chargebacks.
It's been just over six months since VISA mandated it's latest rule changes for chargebacks — pardon, "disputes".