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The Best Way for a Business to Handle Chargeback Management

Clearly Payments

For businesses, having an effective chargeback management system is important. This article outlines how to structure your chargeback management team, define roles, implement processes, select the right software, and adhere to best practices. Analyze the reason code provided by the card issuer to determine the cause of the chargeback.

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What are Payment Reversals? Why Do They Happen & How Can Merchants Stop Them?

Fi911

When merchants accept credit card or debit card payments, the hope is that the funds from that sale will remain in their account as revenue. In this article, we will delve into the topic of credit card payment reversals. Require Card Verification Value (CVV) numbers for online purchases.

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Understanding Chargebacks

Segpay

Chargeback Scenarios Fraudulent Transactions: One of the most prevalent chargeback scenarios is fraudulent transactions, where stolen card information is used to make unauthorized purchases. Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks.

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Reasons Why Credit Cards Get Declined

Clearly Payments

For merchants, declined credit card transactions are frustrating. This article explores the most common reasons credit cards are declined and provides estimated statistics for each, and offers actionable tips to mitigate their impact. Use address verification systems (AVS) to prompt customers to correct mismatches.