Clearly Payments

NOVEMBER 18, 2024

Mishandling chargebacks leads to financial losses, reputational harm, and can jeopardize your ability to process payments. For businesses, having an effective chargeback management system is important. Reputation risk: Excessive chargebacks can damage your standing with card networks.

PCI DSS

Fi911

MAY 22, 2024

A payment reversal is the process through which funds from a transaction are returned to the payer’s account. This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection. What is a Payment Reversal? In the next sections, we’ll outline how each of these work.

Payer

PayHawk

APRIL 18, 2023

The world of payment processing can be as complex as you let it be, but, one this is for certain, there are thousands of terms that merchant service providers discuss, and oftentimes, merchants are left clueless about their meanings. A Acquirer The financial institution that processes payments on behalf of merchants.

Process

Stax

JANUARY 10, 2024

Leveraging technology, monitoring chargebacks, and addressing individual business factors help to reduce credit card fees and improve overall profitability. Learn More How Much Do Credit Card Companies Charge Merchants? Credit card companies typically charge merchants a fee for each transaction processed.

Credit Cards

Segpay

APRIL 16, 2024

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.

Disputes

Clearly Payments

DECEMBER 3, 2024

Example : A shopper entering their address incorrectly during an online checkout process. Use address verification systems (AVS) to prompt customers to correct mismatches. Expired Card (5-10% of declines) A cardholder may unknowingly attempt to use an expired card, leading to a declined transaction.

Credit Cards