Chargeback is a sad part of reality for the small and local business owner that accepts credit card. It comes with excessive chargeback fees and additional expenses for tracking and investigating the fraud. Fortunately, there are some ways on how you can protect your business against the unfair chargebacks. This situation happens once the debit/credit card holder disputed a charge on their issuer. In case the issuer found the dispute valid, the account of the merchant will be debited for the charge that was cleared previously; this can ultimately affect your revenue. Here are some chargeback solutions that can help you prevent high chargeback ratios. Utilize a Name That Consumers Can Recognize The description of your business is basically the name that will appear on your customer’s monthly statement. The primary cause of the chargeback is that they do not recognize the name of their merchant. In case that your identity bears a different...
Tips to Bring Your Chargeback Ratio under Control