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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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How to Win Chargeback Disputes

Clearly Payments

Each credit card network (Visa, MasterCard, American Express, etc.) 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.

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Understanding Chargebacks

Segpay

Recent statistics cited by Mastercard revealed a 32% year-over-year increase in chargebacks, supported by Visa reports underscoring this rising threat, showing that up to three-quarters of all chargebacks filed were cases of friendly fraud or first-party misuse. 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

The exact rate can vary based on several factors, including the type of card used (debit or credit), the card brand (Visa, MasterCard, etc.), The size of the full interchange fee is determined by the card brand i.e. Visa or Mastercard. This fee is a percentage of the transaction amount, often ranging from about 1.5%