Archive for October 10, 2016

Chargeback Protection How Companies Can Stay Safe

Written by Small Business Magazine on October 10th, 2016. Posted in High risk merchant account, Payment processing services, Secure payment processing

Card not present transaction

Today, any company that offers credit cards as a method of payment for customers faces the threat of chargebacks. Typically, a chargeback is when a customer requests a credit card issuer to reverse the amount for an order they made from you to get the money back. Initially, this was put in place to protect customers from unscrupulous merchants. Nowadays, customers have taken things past the edge and can initiate a chargeback whenever they want. And this impacts many businesses. The good thing is that you can benefit from a chargeback protection and here is how.

Get the Reason for the Chargeback

Chargebacks are designed to be easy and automatic, but they must have a reason