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The Best Way for a Business to Handle Chargeback Management

Clearly Payments

For businesses, having an effective chargeback management system is important. This article outlines how to structure your chargeback management team, define roles, implement processes, select the right software, and adhere to best practices. Ethoca : Provides tools to resolve disputes collaboratively with issuing banks.

PCI DSS 59
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What are Payment Reversals? Why Do They Happen & How Can Merchants Stop Them?

Fi911

That said, there are some best practices that merchants can deploy to prevent many payment reversals. Verify Customer Identity: Use Address Verification Systems (AVS) to match the billing address provided by the customer with the address registered with the credit card issuer.

Payer 89
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How to Win Chargeback Disputes

Clearly Payments

Best Practices for Specific Chargeback Reasons Chargebacks are a complex and challenging aspect of running a business, but understanding the specific reasons behind them can help merchants develop targeted strategies to address and prevent them. Each credit card network (Visa, MasterCard, American Express, etc.)

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Understanding Chargebacks

Segpay

Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks. In this case, both the cardholder and the merchant are victims of Fraud.

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How Much Do Credit Card Companies Charge Merchants?

Stax

A business with a good credit score and compliance with best practices for fraud prevention and monitoring will be considered more reliable and therefore may be eligible for better rates. However, ensuring that your eCommerce website or shipping practices aren’t resulting in unnecessary chargebacks is also important.