Does Square Protect Merchants From Chargebacks?
Square has its own system for controlling revenue loss through chargebacks known as Square chargeback protection.
Square has its own system for controlling revenue loss through chargebacks known as Square chargeback protection.
Merchants processing transactions with PayPal can face disputes as with any other payment method. Know your merchant rights and how to resolve a dispute.
This article gives a better insight into the nuances related to PayPal Chargeback Fees and help you understand what they constitute and when are they applied
Payment processors are very important, so it's crucial for merchants to have some insider knowledge about them and the services they provide.
Recurring or subscription billing has taken e-commerce by storm. This is where products and services are provided and billed for regularly over time.
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.
Compared to cash purchases, the authorization of credit card transactions is almost comically complicated. To really understand it, you have to read this.
Transaction disputes tend to favor the cardholder over the merchant. Merchants only have two ways to defend against payment reversals.
To improve how chargebacks are resolved, VISA has introduced the "Visa Claims Resolution Initiative," otherwise known by the cutting-edge acronym "VCR".