How to use AI and Automation to Prevent Chargebacks
AI is a game-changer, but it’s only part of the equation. To truly succeed, merchants need a comprehensive strategy that includes AI, robust tools, and proactive fraud prevention measures.
AI is a game-changer, but it’s only part of the equation. To truly succeed, merchants need a comprehensive strategy that includes AI, robust tools, and proactive fraud prevention measures.
Chargebacks are a grave threat for businesses of every size, but for small businesses, even a few chargebacks could quickly evolve into an existential threat. Not only do merchants stand to lose revenue from the sale, but they will also [...]
Imagine this: You’re a restaurateur and the lunch rush finally eases, tables clearing out, the flood of orders now cooling to a trickle. Another fantastic few hours for your thriving business, with great food and excellent customer service drawing patrons [...]
Christmas songs sing from the speakers overhead in your brick-and-mortar store, or perhaps your laptop as you work on your online merchant website. Sales have been up, up, up, holiday shoppers flocking to your business. 2025 fast approaches and it’ll [...]
The holidays fast approach and across the country many retailers are getting prepped for the busiest shopping season of the year. For many retailers, the holidays can make or break the year. While many businesses will enjoy success over the [...]
Shopping has evolved at a rapid pace in modern times. Just a few hundred years ago, stores were relatively rare and generally small. Now, massive shopping malls are stuffed with stores selling vast ranges and quantities of goods, and online [...]
Chargeback fraud and cybercrime are major risks for merchants and individuals. Fortunately, finance and tech experts continue to develop new tools, strategies, and services to combat criminal activity. Google Pay, a mobile payment system, has rolled out secure payment authentication [...]
Chargebacks are a major hassle and risk for merchants. Besides losing revenue from a transaction, merchants will also have to pay chargeback fees. Worse yet, a rising chargeback ratio could result in increased processing costs for every transaction ( including [...]
Chargebacks are a serious hassle and can be a major source of fraud. Day in and day out, some merchants must confront an onslaught of chargebacks. Lost revenue, hefty fees, and rising payment processing costs can push merchants up to [...]
Imagine this: It’s been a busy month, with revenue rolling in and orders shipping out. You’ve got marketing campaigns to set up, recent hires to onboard, a supplier who can potentially help you lower costs, and more. Everything hums but [...]
Chargebacks are a major risk for essentially every merchant that accepts credit or debit card transactions. Yet some businesses are at a higher than normal risk of suffering chargebacks and can be designated as “high-risk” by acquiring banks, which handle [...]
Chargebacks are a serious threat to businesses big and small. Half of merchants report that chargebacks are on the rise, and on average, associated costs have been increasing by 10% year-over-year (YOY). It’s crucial for managers, business owners, and other [...]