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.
What are the challenges behind a high-risk business? When your business falls into the category of a high-risk industry, first know it is not because of you. It is the industry and usually due to factors far beyond your control. One of the largest obstacles may come in the way of payment processing since processors are a bit reluctant to offer their service. As a high-risk business, you will most likely have numerous issues to deal with such as excessive chargeback disputes, duplicate charges, lawsuits, and fraudulent transactions. However, these are not a dead end for you since there are still reputable and stable processors ready to provide you the service that you need. Our reputation at Agapay with a variety of clientele makes us the right pick for you.
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 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.
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.