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How to Build a Chargeback Payments Team in your Company

Clearly Payments

Key Activities of a Chargeback Team Reviewing Dispute Notices: Receiving and thoroughly investigating dispute notices from credit card issuers is the first task. Collaboration with the Analyst: Advises on handling complex chargeback cases and navigating card network rules.

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Credit Card Surcharges: What Are They, and How Do They Work?

Stax

That said, you can’t just decide and impose credit card surcharges overnight. It requires stringent adherence to regulatory guidelines and card network rules, from surcharge caps to disclosure requirements. This is good news because it means you won’t have to inflate your base prices to cover payment processing fees.

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What Is a Convenience Fee & Should You Charge It?

Payment Savvy

Complexity of Implementation: Ensuring compliance with various card network rules and state laws can be complicated. Legal Considerations for Convenience Fees Before implementing convenience fees , it’s crucial to understand the legal landscape and card network rules that govern these charges.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Let’s now proceed to the final compliance that requires your attention: the card networks you engage with. Navigating Card Network Rules Credit card brands and financial institutions enforce PCI DSS compliance. They have unique rules, validation criteria, and compliance expectations you must adhere to.

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The Best Way for a Business to Handle Chargeback Management

Clearly Payments

Skills Required: Attention to detail, familiarity with card network rules, and proficiency in analyzing transaction data. Analyze the reason code provided by the card issuer to determine the cause of the chargeback. Employee Training : Keep your team updated on card network rules and dispute resolution techniques.

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