Merchant Services: How Much You Know About Chargebacks?

T N A H C R ME S E C I V R E S uch M How

T U O B A W ?

O S N K K C U A O B Y E G R CHA

I fyouhavedr i f t edt owar dsmer chants er vi cest omanageyourcas hf l ow, at t r act mor ecus t omer s , boos tt hes al es , s t ayi nbus i nes s24/ 7, avoi dbadchecksand acceptpayment st hr oughcr edi tcar dpr oces s i ng, youmus tbef ami l i arwi t ht he deadl yt er m, ‘ char geback. ’ Thoughi ts howsi t swr at hmos t l yt ot hehi ghr i s k bus i nes s es , l owandmedi um r i s kbus i nes s esar eal s oundert hes pot l i ghti fnot car ef ult owar dst heact i ons .

Eveni fyouhavear el i abl emer chants er vi cepr ovi derasyourbackbone, youmus t keepyour s el fupdat edwi t hchar gebacks .

W hati saChar geback?

Char gebackswer ecr eat edwi t hanai mt opr ot ectt hecus t omer sf r om f r auds& s cams .

Theyt akepl acewhenadi s appoi nt edus erdi s put esapar t i cul archar ge t ohi s / heraccount .

I fchar gebacki si s s uedf oracar dt hat ’ sei t herl os tors t ol en, i ti st hebankt hati s s uest her ever s aloff unds .

Havi ngs ai dt hat , i ti st hebus i nes s t hati shel dr es pons i bl ef ort heent i r ecos toft hechar geback.

I ncas et hebus i nes si snotEMVcompl ai ntordoesnothaveachi pr eader , i ti s r es pons i bl ef ort hechar gebackl i abi l i t y .

However , i fi ti sEMVcompl ai nt , l i abi l i t y s hi f t sovert ot hecar dhol der .

Char gebackpr oces st akesweekst ocompl et e.

Dur i ngt hi st i me, moneyf r om t he t r ans act i oni shel dbyt hebank.

Thebankas kspur chas epr ooff r om t hemer chant andus esi tt omaker ul i ngont hechar geback.

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W hati saChar geback?

Ther ear ecer t ai nwayst okeepawayf r om char gebacksorr ef r ai nf r om ex ces s penal t i es .

Wantt oknowt hem?Checkoutt hebel owgi venpoi nt s : Youmus tabi debyt hepr ocedur eofcr edi tcar dpr oces s i ng Thepr oces s i ngcompanypar t ner edwi t h, mus thaver obus ts t andar dsof s ecur i t yandcl earpaymentdes cr i pt or s I fyouof f ers er vi cesandnotpr oduct s , al wayshaveacont r actt hatexpl ai ns t hepur pos eoft hepayment , r educeschancesofconf us i onr egar di ngdel i ver y &payment Makes ur et oof f erf r i endl ycus t omers er vi ceandas kyourcus t omer st of i x t hei s s ueswi t hyoubef or emovi ngt ot hebanks Tr ai nyourempl oyeest ocheckf orf r auds , asdoi ngt hi swi l lhel pt os t ays af e f r om char gebacksbef or eanycons equenceshappen

BeW i s eW henPar t ner i ngwi t hSer vi cePr ovi der s Ast her ear emanypr ovi der s , s ear chf orbes tmer chants er vi cesi snotaseas yas yout hi nk.

However , youcangett hebes tas s i s t anceandr eapmaxi mum benef i t s byt aki ngoutenought i meandgat her i ngasmuchi nf or mat i onaspos s i bl eabout yours er vi cepr ovi di ngcompany .

Whenever yt hi ngs eemsf avor abl ef oryour bus i nes s , col l abor at et hen&t her e.

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