Can Delivery Confirmation Help Prevent or Dispute Chargebacks?
Can consistent use of delivery confirmation save merchants from chargebacks? Research shows that delivery confirmation can be an effective part of a multi-tiered chargeback prevention and representment strategy.
Do You Know the Difference Between the Acquirer and Issuer?
The acquiring bank (also merchant bank or acquirer) is the financial institution that maintains the merchant’s bank account. The contract with the acquirer enables merchants to process credit and debit card transactions.
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What is Involved in the Arbitration Process?
Chargebacks are a consumer protection mechanism, providing an opportunity for cardholders to dispute a card transaction. Like all other types of formal disputes, arbitration is available in situations where a decision can’t be reached.
Understanding the Implications of Visa Claims Resolution
Chargebacks are a decades-old process that hasn’t changed much since its inception. However, new policies and procedures associated with Visa Claims Resolution are set to revolutionise the way financial institutions and merchants process cardholder disputes.
Chargeback Time Limits Applicable to Cardholders and Merchants
In order to ensure both the cardholders’ and merchants’ rights are upheld, all parties involved must adhere to the chargeback time limit of the applicable reason code.
What Are Chargebacks and What do They Mean for Your Business.
Whether you are a merchant who has received his first chargeback or a consumer curious about how chargebacks work, it is important to understand the purpose,
A Detailed Description of Mastercard and Visa Chargeback Reason Codes
Each chargeback is accompanied by a reason code. These numeric codes differ by card network, but all theoretically serve the same purpose: to describe the motivation behind the transaction dispute.
There’s Nothing Friendly About Chargeback Fraud
Fraud is one of the most common reasons cardholders employ to file a chargeback. But within the context of true fraud, resides another form of deceit called friendly fraud.
Understanding American Express Chargebacks
Consumers might use their various cards interchangeably, but for a merchant, there is a difference between an American Express chargeback and a chargeback from one of the card associations.
Let’s take a closer look at how American Express chargebacks differ from those sustained by Visa and Mastercard.