Payment Savvy

MAY 11, 2023

Chargebacks: Chargebacks can occur when a cardholder disputes a transaction, and the funds are returned to the cardholder. As a merchant, you will need to comply with the Payment Card Industry Data Security Standard (PCI DSS) and other security regulations to ensure the safety and security of Visa transactions.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

Segpay

FEBRUARY 28, 2024

Chargeback Fees Disputed charges initiate time-consuming arbitration processes with administrative fees imposed on merchants. Too many disputes also risk account reviews or terminations. Simple month-to-month agreements and dedicated analysts make optimization easy. However, smaller banks and credit cards avoid coverage.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

BNG Payments

JANUARY 7, 2022

Ensure Your Business is PCI Compliant You've probably already heard a lot about the Payment Card Industry Data Security Standard (PCI DSS), commonly known as PCI. In short, all companies that process, store or transmit credit card information must comply with the PCI DSS. Still, issues happen.

Credit Cards 52

Credit Cards Mitigation Risk PCI DSS 52

EBizCharge

JUNE 28, 2024

It’s essential to check with legal counsel or financial advisors to align with the latest legal standards and avoid potential penalties or customer disputes. Provide excellent customer service support to address any questions about fees and assist in resolving disputes efficiently.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

EBizCharge

AUGUST 30, 2024

Hidden and additional fees to watch out for Aside from standard fees, merchants should be vigilant about hidden and additional fees that payment processors may charge, including termination fees, PCI compliance fees, chargeback fees, and monthly minimum fees. While some fees may be a one-time charge, others can recur monthly or annually.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Stax

MAY 7, 2024

Processing fees vary depending on the service provider, the agreement between the merchant and the processor, the type of credit card used (debit, credit, corporate, rewards, etc), and the type of transaction (online, dipped, swiped, or keyed in). How do chargebacks affect processing fees?

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Exact Payments

JULY 12, 2024

Chargeback fees A chargeback is a customer-filed dispute that results in the reversal of funds. PCI fees Most merchant services providers charge a fee for assisting with Payment Card Industry Data Security Standard (PCI DSS) compliance. They also assess non-compliance fees should the merchant fall out of compliance.

Assessments 52

Assessments Credit Cards PCI DSS Transactions 52