As upcoming merchants, you probably already heard the terms void, refund, and reversal when discussing payment transactions. Generally, all three are transaction methods that are initiated by the merchant and are meant to return money to the customer.
Highlights: This is the second part of a blog series we created as part of a global campaign for #FraudWeek The first part, which explores fraud and fraud-related chargebacks, can be read here Previously, we talked about fraud, fraud-related chargebacks, and how they...
While technology created the space that allows for seamless financial transactions between clients and merchants, it has also become a cause for abuse. It has provided another area of opportunity for potential criminals to leech on, most of which are fraudulent in...
Billback is a payment processing plan that allows your provider to offer you a flat rate like 1.79%. That means your monthly payment will include a transaction fee of 1.79% on every single transaction you made, regardless of the type of interchange category the transaction amount to.
Agapay and using our gateway decreases the chances of losing chargeback fights. Furthermore, we have partners that can assist you in your fight with consumers that are trying to take advantage of the system that is already in your favor. If you need help, we are here.
Want to setup chargeback protection or need help mitigating a dispute? Call us today!
Chargebacks are something that most of us would rather live without. With the change to EMV and the subsequent decrease in Card Present Fraud, Fraudsters have had to get more creative.
The transition to EMV has been messy for many merchants. Visa, being a leader in the migration to EMV technology in the US has decided to ease the burden placed on small businesses. According to a press release to their investors dated June 16th, they've released the...
Chargebacks can be the bane of most businesses’ existence. Although there are certain steps that can be taken to avoid chargebacks, they have become prevalent today, especially with the growth of technology and the internet.
Fraud is costly at all levels of the payment cycle, and failure to prevent fraud can often have negative effects on the merchant. By being proactive, merchants can avoid many mistakes and pitfalls associated with credit card fraud.
Reversing credit card transactions are a necessary part of dealing with customers, but it does come with some pitfalls if not understood correctly. Let’s explore this fascinating aspect of dealing with credit cards.
While most merchants are familiar with Chargebacks, there is something else called a Retrieval that, while less frequent, can lead to a chargeback.