Remove Address Verification System (AVS) Remove Contactless Payments Remove Disputes
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Payment Processing for Small Businesses: What They Don’t Tell You

Clearly Payments

Processor Markup Payment processors add their own fees, which can be 0.2% Chargeback Fees If a customer disputes a transaction, you could pay between $20 and $100 per chargeback. Chargebacks: A Hidden Risk A chargeback occurs when a customer disputes a transaction, and the money is refunded to them, often at the merchants expense.

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How Much Do Credit Card Companies Charge Merchants?

Stax

Whenever a customer disputes a transaction and funds need to be returned to the issuing bank, there is usually a cost per chargeback that is passed onto the merchant by the acquiring bank or merchant services provider. Although this is an extra cost, it’s significantly easier than trying to keep track of fees on your own. Chargeback fees.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Address Verification System (AVS) A system that compares the billing address provided by the cardholder with the address on file with the card issuer to verify the authenticity of a transaction. Cardholder The person who owns the payment card being used to make a purchase.

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