Fi911

MAY 22, 2024

A payment reversal is the process through which funds from a transaction are returned to the payer’s account. Refunds usually occur when the payee agrees to return the funds, either due to a canceled order or a returned product. Require Card Verification Value (CVV) numbers for online purchases.

Payer 79

Payer Address Verification System (AVS) Disputes Payee 79

Clearly Payments

JUNE 21, 2024

Policies and Terms: Provide copies of your return, refund, and shipping policies. 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.

Disputes 52

Disputes Address Verification System (AVS) Credit Cards Best Practices 52

Segpay

APRIL 16, 2024

Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks. To address this, merchants should strive to provide correct and detailed product descriptions, including images, size, and detailed specifications.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

Stax

JANUARY 10, 2024

Whenever a customer disputes a transaction and funds need to be returned to the issuing bank, there is usually a cost per chargeback that is passed onto the merchant by the acquiring bank or merchant services provider. Although this is an extra cost, it’s significantly easier than trying to keep track of fees on your own. Chargeback fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88