Clearly Payments

JUNE 21, 2024

Winning chargeback disputes is important for merchants because chargebacks take time to deal with and lead to financial losses and increased processing fees. Here’s a guide to help merchants navigate and win chargeback disputes in credit card processing. Delayed responses can result in automatic loss of the dispute.

Disputes 52

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

Fi911

MAY 22, 2024

A payment reversal is the process through which funds from a transaction are returned to the payer’s account. This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection. They may also result in a loss of revenue if the transaction is not successfully disputed.

Payer 79

Payer Address Verification System (AVS) Disputes Payee 79

Segpay

APRIL 16, 2024

Cardholders dispute a transaction with their bank, resulting in a reversal of funds. Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks. Last year, the payment business suffered an estimated 238 million chargebacks.

Disputes 52

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

PYMNTS

OCTOBER 29, 2019

FIs overturn the sales and grant refunds before returning to the restaurants to recoup the payment. While a retail store can demand that customers return merchandise they charged back, restaurants cannot take back eaten food. Friendly fraud’s rise corresponds to mobile order-ahead systems’ increased use.

Address Verification System (AVS) 41

Address Verification System (AVS) CVV2 Credit Cards Verification 41

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.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

PayHawk

APRIL 18, 2023

Address Verification System (AVS) A system that compares the billing address provided by the cardholder with the address on file with the card issuer to verify the authenticity of a transaction. R Refund The process of returning funds to the cardholder’s account for a previous transaction.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52