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The Best Way for a Business to Handle Chargeback Management

Clearly Payments

Key Impacts of Poor Chargeback Management: Financial loss: Businesses not only lose revenue but may also incur fees from payment processors. Reputation risk: Excessive chargebacks can damage your standing with card networks. Analyze the reason code provided by the card issuer to determine the cause of the chargeback.

PCI DSS 59
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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. They also owe assessment fees to card networks for making use of their infrastructure.

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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. This role also communicates with payment processors and banks. A well-organized chargeback team minimizes these risks and protects the merchant’s bottom line.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

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Utilizing global payment networks (Visa, Mastercard, etc.) Below are some quick tips to ensure compliance with international laws: ​​Collaborate with industry-trusted payment processors for seamless international multi-currency transactions without legal complications. CardX is your go-to partner for smarter credit card surcharging.