Chargeback Representment Can Help Your Business

Learn To Master the Representment Process Receiving a chargeback or transaction dispute is not necessarily an automatic loss for merchants. Cyber shoplifters may have their proverbial hands in your pockets, but there are options to consider. If a merchant’s acquiring[...]

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What Are Card Security Codes?

How Do Card Security Codes Aid In Preventing Chargebacks? Card security codes exist to do exactly as you might think: to keep the card data secure. The addition of card security codes has become a standard practice for card networks[...]

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Do I Need Chargeback Insurance?

How Does Chargeback Insurance Really Work? Chargeback insurance is not as all-encompassing as merchants may hope. Although it protects businesses from profit loss, it is only successful in specific cases. Is the Insurance Always Helpful? Insurance as previously understood entails[...]

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Chargebacks from Authorization Errors

Authorization Errors Are Dangerous For Merchants. Preventing chargebacks before they occur can help merchants retain profits and keep chargeback ratios low. One type of chargeback that is preventable is an authorization error chargeback. Receiving Authorization Merchants receive authorization codes for[...]

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Credit Card Authorization Codes

Learn to Decipher Authorization Codes and Use the Responses to Manage Chargebacks The moment a cardholder instigates a transaction, the authorization process is set in motion. Authorization approval is necessary to the security and conclusion of the sale. Authorization Message[...]

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Issuer vs. Acquirer: A Bank Comparison

Two major banks involved in the chargeback process Chargeback terminology may seem confusing at first, but there are a several key terms that every merchant must know to understand the chargeback process. The issuing bank (issuer) and acquiring bank (acquirer)[...]

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Visa Chargeback Reason Codes

Visa’s Unique Chargeback Reason Codes for Merchants Accepting Visa Payments Chargeback reason codes are the merchant’s keys to deciphering the customer’s concerns. A customer who contacts his or her issuing bank to file a chargeback will be assigned a case[...]

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Understanding Excessive Chargeback Levels

How MasterCard and Visa Use Chargeback Monitoring Programs to Track Excessive Chargebacks From a merchant’s perspective, chargebacks are an unfortunate but necessary part of doing business. Having a chargeback filed against you once in a great while is normal, but[...]

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The Chargeback Process

The Chargeback Process Explained The chargeback process is quite intricate. There are lots of steps that must be completed in a timely fashion. The Transaction Process All chargebacks begin with credit card transactions. Chargebacks are reversals of previous transactions, and[...]

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Understanding Credit Card Transactions

Who Are the Major Players in the Credit Card Transaction Cycle? There are several people involved in credit card transactions. Their involvement ranges from facilitating purchases to filing chargebacks. It is important for business owners to understand the entire process[...]

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