PayHawk

APRIL 18, 2023

The world of payment processing can be as complex as you let it be, but, one this is for certain, there are thousands of terms that merchant service providers discuss, and oftentimes, merchants are left clueless about their meanings. Credit Memo A document issued by the merchant to provide a refund or credit to the cardholder.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

JANUARY 10, 2024

The exact rate can vary based on several factors, including the type of card used (debit or credit), the card brand (Visa, MasterCard, etc.), In addition to generating revenue for the card network, the purpose of credit card transaction fees is to cover operational costs and risk management.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Segpay

APRIL 16, 2024

Chargeback Scenarios Fraudulent Transactions: One of the most prevalent chargeback scenarios is fraudulent transactions, where stolen card information is used to make unauthorized purchases. Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks.

Disputes 52

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